Why PayPal Popped Today

Why PayPal Popped Today

PayPal stock (NASDAQ: PYPL) popped in Wednesday trading after two separate analysts lowered their price targets on the stock...at the same time as both analysts insisted that the fintech giant is undervalued at today's prices. As of 12:50 p.m. ET, PayPal stock is up 3.5%. In twin reports, tiny San Francisco broker BTIG and then gigantic megacorp Citigroup cut their price targets on PayPal shares steeply, to $270 and $235 a share, respectively.