The share prices of PayPal have been treated higher than their trading potential on Tuesday. This sudden rise has been the result of Truist enterprise which has showcased in theory analysis the better performance and future prices of PayPal Holdings in the US market.

As per the recent analysis of Andrew Jeffrey who has been a part of the Truist securities analyst team. Andrew Jeffrey has upgraded the performance of PayPal and mentioned that it will be transferring the position of PayPal from hold to buy and raising the price target from $75 to $95. With this approach, the price of PayPal has been able to witness an increase in their trade moments on Tuesday’s market.
Although the brand PayPal seems to be a branded name as of now the future prospects of PayPal will be able to raise all the boats along with an increase in the stock performance of PayPal which will be able to showcase a significant contradiction in the valuation of the company as per the remark of Andrew Jeffrey.
Reasons for price rise of PayPal shares
As per the analysis of Truist although the present revenue estimates of PayPal are reasonable for growth although the company has witnessed an approximately 60% decline in the year 2022. Still analyst firm expects that the company will be able to showcase some results and beat the consensus in the year 2023.
Andrew Jeffrey further in the analysis mentioned that in the year 2023, PayPal will be having new management which will be considered a positive prospect for the growth of the work culture of PayPal, and with new management company will be able to showcase more mergers and acquisitions in the year 2023.
Further in the remarks, Jeffrey mentioned that the stock prices of PYPL are able to show the reflection of the company’s performance versus the Expectations in a material approach, and in this regard, PYPL is having material de-risked performance assets in the future terms.
Along with that, $6B in Cash held by people will be able to execute big mergers and acquisitions by PayPal in the year 2023. With the rise in prices of stocks PayPal is able to witness 52 week high at the price range of $196.10 per share this Tuesday, along with that PayPal was having a 52-week low in recent times at $66.39 per share. This sudden rise has been able to showcase a 4.40% surge in the prices of PayPal shares in the US Stock Market.