PAYP PayPay Corp

BULLISH Impact: 3/10 ANALYST-UPGRADE
Processed 24d 7h ago SEC analyst-PAYP-goldmans-20260407
9 firms acted on PAYP: Goldman Sachs, Deutsche Bank, Citigroup, Jefferies, Benchmark, B of A Securities, Morgan Stanley, Mizuho, Macquarie
Latest settled — T+20d
PAYP ▲ +5.92% at T+20d
LONG call ✓ call won +5.92% · α vs SPY -3.86% · entry $20.10 → $21.29
Next anchor: T+60d in 22d
Currently $14.59 · -27.41% from $20.10 entry
Entry anchored
Apr 6, 03:59 PM ET
via Databento tick
T+1d
+1.29%
call +1.29% · α -1.25%
$20.36
settled 2mo ago
T+5d
+10.40%
call +10.40% · α +5.07%
$22.19
settled 8w ago
T+20d
+5.92%
call +5.92% · α -3.86%
$21.29
settled 5w ago
T+60d
call — · α —
in 22d

Price Chart

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Executive Summary

Goldman Sachs initiated PayPal Holdings (PAYP) at Buy with a $29 price target, implying 46% upside from the current $19.82. The call is part of a rare 9-firm coverage cluster over the past three weeks — including Deutsche Bank (Hold), Citigroup (Neutral), Jefferies (Buy), Benchmark (Buy), BofA (Buy), Morgan Stanley (Equal-Weight), Mizuho (Outperform), and Macquarie (Outperform). Consensus is heavily bullish: 13 of 17 analysts rate Buy or Strong Buy, 4 Hold, 0 Sell. The mean target of $25.32 implies 28% upside, with Goldman's $29 above the median ($24.76) and near the high ($30.70). Goldman Sachs has a 54% accuracy rate on 2,921 calls with a 5.6% average return — solid but not elite. EPS revisions are mixed: +1q estimates ticked up 5.4% in 7 days but down 0.6% in 30 days; +1y estimates rose 6.8% in 7 days. Short interest is elevated at 57.9% of TRF volume, suggesting heavy bearish positioning that could fuel a squeeze if the bull case gains traction. No insider or congressional trades to corroborate. The cluster initiation from multiple top-tier firms is a strong bullish signal, but the lack of a single catalyst and mixed near-term EPS revisions temper conviction. Bottom line: the coverage wave is bullish, but traders should wait for a pullback or a catalyst before entering.

Impact Score

Base Score
2/7
LLM Adjustment
+1
Final Score
3/10

Consensus & Targets

Buy / Strong Buy
13 (76%)
Hold
4
Sell / Strong Sell
0
Total Analysts
13
Mean PT
$25.32
Median PT
$24.76
High PT
$30.70
Low PT
$19.81
Current Price
$19.82
Implied Upside
+27.8%

Consensus is heavily bullish: 5 Strong Buy, 8 Buy, 4 Hold, 0 Sell, 0 Strong Sell across 17 analysts. Direction is decisively bullish with 76% Buy-equivalent ratings.

Mean target $25.32, median $24.76, high $30.70, low $19.81. Current price $19.82 implies 28% upside to mean. Goldman's $29 sits above the median and near the high end, reflecting above-consensus conviction.

Recent Analyst Activity

DateFirmActionRatingPrice Target
2026-04-07 Goldman Sachs initiate Buy
2026-04-06 Deutsche Bank initiate Hold
2026-04-06 Citigroup initiate Neutral
2026-04-06 Jefferies initiate Buy
2026-04-06 Benchmark initiate Buy
2026-04-06 B of A Securities initiate Buy
2026-04-06 Morgan Stanley initiate Equal-Weight
2026-04-06 Mizuho initiate Outperform
2026-03-16 Macquarie initiate Outperform

30-day analyst activity: 0 upgrades, 0 downgrades (all initiations). EPS revisions: +1q estimates up 5.4% in 7 days but down 0.6% in 30 days; +1y estimates up 6.8% in 7 days and 5.5% in 30 days. Near-term mixed, long-term improving.

Earnings Estimates

PeriodEPS Est.EPS RangeRevenueRevisions (7d)
+1q $28.68 $23.06 — $37.81 $111.9B ↑2 ↓0
+1y $160.46 $129.95 — $206.44 $543.5B ↑4 ↓0
0y $181.81 $163.93 — $159.35 $457.7B ↑2 ↓0
0q $27.21 $12.71 — $59.36 $104.0B ↑2 ↓0

Cross-Platform Signals

Short Interest
Short: 306,392 | Exempt: 10,415 | TRF Vol: 529,268 | Short Ratio: 57.9% | Off-exchange volume (dark pool + OTC)

No insider trades, congressional trades, or institutional position changes reported. Short interest is elevated at 57.9% of TRF volume — a bearish positioning that could amplify upside if the bull case gains traction. No convergence or divergence with the analyst signal.

Actionable Insight

The 9-firm coverage cluster is a rare bullish signal, but with no single catalyst and mixed near-term EPS revisions, wait for a pullback toward $18.50 or a catalyst (e.g., earnings beat) before entering. The elevated short interest adds squeeze potential but also risk.

Documents Analyzed

Report based on filing metadata.

5 reports for PAYP
Performance horizon
67% Hit rate 2 of 3 directional calls best @ T+1▲ +3.60%Apr 16, 2026
Filters
Rows
Reports for PAYP — sortable, filterable
Type Now
Jun 4, 2026
5d ago
6-K
BULLISH ★ 6/10
$15.74 $15.08▼ −4.19%▼ −1.59%$14.59 (−7.31%)
May 29, 2026
11d ago
6-K
NEUTRAL ★ 2/10
$19.52 $18.61▼ −4.66%▼ −4.92%$14.59 (−25.26%)
May 16, 2026
24d ago
ANALYST-UPGRADE
BULLISH ★ 3/10
$20.10 $20.36▲ +1.29%▼ −1.25%$14.59 (−27.41%)
Apr 16, 2026
7w ago
ANALYST-UPGRADE
BULLISH ★ 8/10
$20.85 $21.60▲ +3.60%▲ +2.38%$14.59 (−30.02%)
Mar 30, 2026
10w ago
6-K
BULLISH ★ 8/10
$20.66 $21.34▲ +3.29%▲ +0.40%$14.59 (−29.38%)
Showing 5 of 5

US Market Status

Market Closed — Opens Thu (10h 10m)

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