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A Primary Beneficiary of the Ongoing E-Commerce Boom Will Be PayPal

By BenZinga
Capital Markets


There is one company that is best positioned to take full advantage of the “inexorable trend” of payments moving from offline to online channels: Paypal Holdings Inc (NASDAQ: PYPL), analysts at Bank of America commented in a research report. The firm’s Jason Kupferberg maintains a Buy rating on PayPal’s stockrating with a price target boosted from $71 to $78.

Global e-commerce penetration as of 2016 stood at just 9.5 percent and is projected to increase by 100 basis points year over year through 2018, Kupferberg commented in a research report. This bodes well for PayPal, whose business …

Read the full story at Benzinga.

Photo: Getty iStock

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