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Bernstein Latest To Upgrade PayPal With Years Of Outperformance Seen Ahead

The shares of PayPal (PYPL) are climbing after research firm Bernstein upgraded the stock to Outperform from Market Perform, saying that the company is poised to outperform over the next several years.

LONG-TERM OUTPERFORMER: PayPal is probably at the beginning of a multiple year stretch of outperformance, contended Bernstein analyst Lisa Ellis. The company's long-term outlook has improved because of its focus on "three critical drivers," Ellis stated. Specifically, the company has improved its "Pay with PayPal" checkout button, while it has built partnerships with major companies including the credit card networks Visa (V) and MasterCard (MA) as well as Alphabet (