Cantor Fitzgerald Starts Coverage of PayPal With Neutral Rating, $60 Target
Cantor Fitzgerald opened coverage of PayPal with a Neutral rating and a $60 price objective, saying the company’s recent strategic moves have begun to create a more diversified, profitable growth profile across its Branded services, payment service provider operations and Venmo. The firm’s valuation combines a 9x multiple on FY27 EPS of $6.56 and a…