PayPal Holdings, which was spun off from eBay in July 2015, is a global digital and mobile payments solutions provider. PayPal Holdings’ payment solutions include PayPal, Venmo, Xoom and Honey; the company generates nearly 90% of its total revenues from transactions.
The Phillip Research team at PhillipCapital has initiated coverage on PayPal Holdings with a “buy” call as it sees several positives on the company.
The team has also pegged a target price of US$116 ($166.27) on the company.
