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Why numerous institutions are raising price projections for Paypal.

by Tim Straiton
Wednesday 21st August 2024

From a technical perspective, the price has now broken above the upper Kumo on the weekly Ichimoku chart.

Recent activity on the daily Elasticity2 system has produced profitable long trades with this stock.

The 29 day exponential moving average is rising and it seems likely that a death cross can be avoided with both the 50 and 200 day moving averages moving to the upside.

For the next fiscal year, the consensus earnings estimate of $4.89 indicates a change of + 10.8% from what Paypal is expected to report a year ago. Over the past month, the estimate as changed + 5.3%.


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