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PayPal stock named 'best idea' at Wedbush, price target raised to $100

Wedbush analyst Moshe Katri added PayGood friend Holdings Inc. PYPL, +1.28% to his firm's "best ideas" listing on Friday and raised his charge goal on PayGood friend's stock to $100 from $90. With the price-target increase, Katri turns into one of the most two maximum bullish analysts tracked via FactSet. "We believe ongoing/recent monetization efforts on both shopper and merchant-facing platforms, Visa V, +Zero.67% /Mastercard MA, +Zero.25% /banking partnerships, as well as post-eBay EBAY, -Zero.40% separation attainable opportunities may just doubtlessly boost up top-line growth, whilst expanding margins," Katri wrote. He thinks the company's recent iZettle acquisition "significantly boosts the company's merchant-facing monetization effort" and predicts that PayGood friend's Pay with Venmo initiative will acquire extra momentum. Shares of PayGood friend are down Zero.four% in premarket trading but up 53% this 12 months, whilst the S&P 500 SPX, +Zero.31% has received 14%.