PayPal (PYPL: $57, up 6% – new all-time high [NATH) set Friday)
The price target was raised to $70 from $54 at a research firm on the Street. PayPal is the firm’s “top idea” for 2017, followed by Google (GOOG: $956, up $37, 4%). Coming opportunities with PayPal’s Venmo and with partnerships caused the research firm to become even more bullish.
PayPal and Apple entered into an exciting major partnership this week that sent shares to all-time highs. PayPal and Apple have partnered to give users the ability to use PayPal as a payment method when paying for Apple’s services, which includes the App Store, Apple Music, and iTunes, to name a few. The feature will be introduced in 12 markets, including the US and the UK, and it will be integrated with several devices across Apple’s ecosystem, including the iPhone, iPod, Apple TV, and Apple Watch.
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