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PayPal Holdings Inc (NASDAQ:PYPL) shares are trading higher after Mizuho analyst Dan Dolev upgraded the stock from Neutral to Buy and raised its price target from $68 to $90.
Dolev’s proprietary analysis of PayPal’s newly introduced Fastlane product shows potential for a $1.0 billion—$1.5 billion transaction margin dollar lift (5%—10% upside) over the medium term, given the $1.43 trillion of annual e-commerce spend that he noted is addressable by Fastlane.
According to the analyst, Fastlane is PayPal’s new solution to improve the guest checkout experience by increasing speed …
Full story available on Benzinga.com
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