iBankCoin
Joined Jan 27, 2008
7,405 Blog Posts

$PYPL Breaking Higher On Earnings, Target $49– Goldman

$PYPL, another position of ours inside Exodus, is ripping higher on their latest earnings call. Goldman Sachs upgraded the name following the report, with a $49 price target  I’m in from $36 and change, all noted inside the community notes section of Exodus:

pypl1

The technicals look ripe for a continued move higher, as we finally breakout from this long drawn out base.  I like what I’m seeing here, have a look below:

pypl__

PayPal released its latest earnings report after closing bell tonight, posting adjusted earnings of 35 cents per share on $2.67 billion in revenue. Analysts had been expecting 35 cents per share in earnings on $2.65 billion in sales for its third quarter. In last year’s third quarter, the digital payments processor reported 31 cents per share in earnings on $2.26 billion in revenue. READ MORE

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2 comments

  1. RAUL

    nice hold RC, I was taking about taking this spec long into earnings all week with my people then got distracted, SMH. Might have to chase it

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  2. MSGT HARTMAN

    Meanwhile FB posts all time highs…

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