Wedbush Sees ‘More Opportunities Than Threats’ For PayPal

In a new report, Wedbush analyst Gil Luria took an in-depth look at PayPal ahead of its highly-anticipated spin-off from eBay Inc EBAY 1.18%.

The value of the stock cannot yet be determined until the details of the spin-out are disclosed, but Wedbush sees PayPal as an “enduring market leader with more opportunities than threats.”

Wedbush believes that the spin-off will be completed within a matter of weeks.

Growth Opportunities

As the mobile and electronic payments market continues to explode, analysts see opportunity for several more years of earnings and revenue growth of 15 percent or higher for PayPal. In fact, Wedbush expects that PayPal’s growth can even outpace the growth of the overall ecommerce space, in part because of its combination of convenience and security.

Wedbush call PayPal’s fraud protection “best in class” and explain that PayPal becomes more compelling as its list of retail partners continues to grow.

Fending Off The Competition

Analysts don’t see…

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