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Just saw Darrin Peller from Wolfe Research upgraded PayPal to Outperform from Peer Perform. Price target sitting at $107, which is pretty interesting timing given all the movement we've been seeing in fintech lately.
Darrin Peller's call comes on the heels of other upgrades too - BofA moved it to Buy recently and Keefe Bruyette raised their target to $104. Feels like the Street is finally getting more bullish on PYPL after a rough stretch.
I mean, Darrin Peller's reasoning probably centers on PayPal's positioning in payments, but honestly the consensus shift is what caught my eye. When you get multiple analysts upgrading within a short window, that usually signals something. Worth keeping on the watchlist at minimum. What's your take on the stock right now?