A senior Mizuho analyst maintained an outperform rating for PayPal’s stock after the company announced that Dutch payments firm Adyen would offer Fastlane, a popular checkout tool that PayPal provides to its enterprise and marketplace customers in the U.S.
The Fastlane product must be strong, as evidenced by the willingness of Adyen—a direct competitor to PayPal-owned Braintree—to agree to the partnership, wrote Dan Dolev, a senior analyst in fintech equity research at Mizuho Securities USA, in an Aug. 20 research note. Dolev has previously said that Fastlane’s total addressable market could be $3 trillion, of which $1.43 trillion is realistically addressable, according to a May 30 note.
