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The Street Debates What's Next For PayPal After Impressive Q2 Beat
Thursday, July 30, 2020 - 2:44pm | 784Payments company Paypal Holdings Inc (NASDAQ: PYPL) reported Wednesday afternoon with second-quarter results highlighted by an EPS, revenue and total payment volume beat. Here's how PayPal analysts are reacting to the company's results and outlook. The PayPal Analysts:...
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Endava Is A Fintech Enabler, Wedbush Says In Bullish Initiation
Wednesday, May 27, 2020 - 2:27pm | 308Endava PLC (NYSE: DAVA) is among the fastest-growing digital IT services stocks, with an impressive track record of generating 20%-25% revenue growth and more than 25% earnings growth, according to Wedbush. The Endava Analyst Moshe Katri initiated coverage of Endava with an Outperform rating and $...
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Square Analysts React To FDIC's Conditional Banking License Approval For Payments Company
Thursday, March 19, 2020 - 3:22pm | 786Payment processing company Square Inc (NYSE: SQ) said Wednesday that the FDIC voted to conditionally approve its application for an Industrial Loan Company, or ILC, bank charter. The company also received charter approval from the Utah Department of Financial Institutions. The Square...
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Street Remains Bullish On Visa Following Coronavirus Guidance Cut
Tuesday, March 3, 2020 - 12:40pm | 556Visa Inc (NYSE: V) shares traded slightly lower Tuesday after the company said Monday afternoon that it expects to take between a 2.5% and 3.5% revenue hit from the coronavirus in the fiscal second quarter. The filing comes after payments competitors Mastercard Inc (NYSE: MA) and Paypal Holdings...
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IBM Analysts Divided Over Merit Of Q4 Beat, Strong Guidance
Wednesday, January 22, 2020 - 11:05am | 693IBM (NYSE: IBM) reported better-than-expected fourth-quarter results and also issued upbeat earnings forecast for fiscal year 2020. This is a turnaround from the third quarter, when it missed the consensus revenue estimate. The Analysts BofA Securities analyst Wamsi Mohan reiterated a Buy rating...
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PayPal CFO Says 'The Challenge Is To Find The Right Fit' With Acquisitions
Monday, December 23, 2019 - 3:27pm | 328Paypal Holdings Inc (NASDAQ: PYPL)'s hunger for acquisitions to help fuel growth is likely to continue into the new year, CFO John Rainey told The Wall Street Journal in an interview published Monday. PayPal most recently bought a 70% stake in the Chinese payment platform ...
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Wall Street Weighs In On Square Earnings, Cash App And More
Thursday, November 7, 2019 - 11:11am | 780Square Inc (NYSE: SQ) traded higher on Thursday after the company topped third-quarter EPS and revenue estimates and raised its full-year revenue and EPS guidance. The new EPS guidance range for the fourth quarter came up short of consensus analyst estimates. In addition to reporting earnings...
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The Street Still Loves PayPal
Thursday, October 24, 2019 - 3:41pm | 692Paypal Holdings Inc (NASDAQ: PYPL) reported third-quarter results Wednesday that beat estimates and prompted multiple Street analysts to reaffirm bullish stances. The Analysts Wells Fargo analyst Timothy Willi maintained an Overweight rating on PayPal's stock with a $135...
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Wedbush Remains A Visa Bull After Chat With Management
Tuesday, September 24, 2019 - 3:50pm | 352Wedbush's bullish stance on Visa Inc (NYSE: V) remained unchanged after the company's non-deal roadshow (NDR). The Analyst Wedbush's Moshe Katri maintains an Outperform rating on Visa with an unchanged price target of $187. The Thesis Katri's chat with Visa CFO Vasant Prabhu...
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What Analysts Think About Square's Post-Earnings Prospects
Friday, August 2, 2019 - 12:28pm | 518Square Inc (NYSE: SQ) took a huge 15% hit on Friday after the company reported lackluster second-quarter numbers and issued disappointing guidance. Square reported second-quarter gross payment volume of $26.8 billion, slightly missing consensus analyst expectations of $26.9 billion. In addition,...
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The Street Reacts To Visa's Q3 Earnings
Wednesday, July 24, 2019 - 4:48pm | 553Visa Inc (NYSE: V) reported fiscal third-quarter results that came in better than expected while multiple underlying performance metrics accelerated. Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts KeyBanc Capital Markets' Josh Beck maintains...
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Wedbush: IBM-Red Hat Deal Holds Execution Risks
Wednesday, July 10, 2019 - 11:15am | 403IBM (NYSE: IBM) closed on its acquisition of Red Hat Inc (NYSE: RHT) Tuesday. While the deal marks IBM’s acquisition of “critical mass” in the hybrid cloud market, the deal poses potential execution and other risks, according to Wedbush. The Analyst Moshe Katri...
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Wedbush Talks Libra With Visa's Executive Team
Tuesday, July 2, 2019 - 2:31pm | 388Wedbush analysts met with Visa Inc (NYSE: V) executives last week, and part of the conversation focused on its partnership with Facebook, Inc. (NASDAQ: FB) to facilitate the digital currency Libra. The Analyst Moshe Katri maintains an Outperform rating on Visa with an unchanged $187 price...
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Wedbush Stays On The Sidelines With Square, Points To Margin Expansion Concerns
Monday, July 1, 2019 - 2:21pm | 362While Square Inc’s (NYSE: SQ) monetization strategies and standards for products and services are commendable, the payments company has been shifting its margin target and there is a lack of transparency into the company’s plans for balancing investments and profitability,...
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PayPal Analysts Not Too Concerned About Executive Change
Friday, June 21, 2019 - 12:39pm | 390Paypal Holdings Inc (NASDAQ: PYPL) announced Thursday COO Bill Ready will leave the company at the end of 2019 to "pursue entrepreneurial interests" elsewhere. BofA: 'Not Devastating' Ready joined PayPal in 2013 as part of the acquisition of Braintree, Bank of America's Jason...