MBA Insurance will add PayPal, Venmo, credit and debit cards through PremiumPay to expand digital payment options, reduce manual processing and improve cash flow.
PayPal is upgraded to Buy as the stock appears to have found a long-term bottom, trading at just above 8x forward earnings. Read more on PYPL stock here.
Piper Sandler took actions on several payment and consumer finance stocks, having double upgraded Block (XYZ) and assigning a Neutral rating on PayPal (PYPL).