William L. Moore
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What Are Wall Street's Top Analysts Saying About PayPal's Earnings?

Paypal Holdings Inc  reported on Wednesday its second-quarter results, which helped boost the stock to a new all-time high of $61.30 on Thursday. Here is a roundup of what some of Wall Street's top analysts are saying after the print.

Oppenheimer: 'Stellar' Quarter

Oppenheimer's Glenn Greene maintains an Outperform rating on eBay's stock with a price target raised from $50 to $65 after a "stellar" quarter. Of particular note, total payment volume grew 26 percent in part due to a 30 percent growth in CC Merchant Services.

Upside in operating margin was also a pleasant surprise as the company offset a higher transaction expense with "tight" operating expense management, the analyst added.

Overall, the strong quarter reinforces the analyst's stance that PayPal is in a "unique competitive position within the large online payments market."