PayPal : An excellent Q1 and upward revision to forecasts for 2021 - Target price raised to $ 370 (vs $ 350)
>Q1 2021 well above forecasts - Yesterday evening (after market close) PayPal published Q1 2021 results that came in well above forecasts. Sales were $ 6.03bn, up 31% y-o-y (relatively favourable comparison base in Q1 2020) at constant currency, i.e. beating the consensus and guidance for $ 5.91bn. Total payment volumes (TPV) came in at $ 285bn, representing a 46% y-o-y increase at constant currency (of which +63% y-o-y for Venmo) and the number of new PayPal accounts...PayPal Holdings is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. The company's combined payment solutions include its PayPal, PayPal Credit, Braintree, Venmo, Xoom and iZettle products and services. PayPal's payment solutions enable the company's customers to send and receive payments. PayPal helps merchants and consumers connect, transact, and complete payments, whether they are online, on a mobile device, in an app, or in person. The company provides proprietary payment solutions accepted by merchants that enable the completion of payments on the company's Payments Platform on behalf of its customers.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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