PayPal Makes Venmo More Profitable and Roper Technologies is an Analyst Favorite
PayPal Holdings, Inc. is an American company operating an online payments system in most countries that support online money transfers and serves as an electronic alternative to traditional paper methods such as checks and money orders.
One of PayPal’s main services is through another app they own, Venmo. Venmo account holders can transfer funds to others via a mobile phone app; both the sender and receiver must live in the U.S. Recently PayPal has made changes to Venmo’s fees to enhance its ability to generate money for the company. Specifically, Venmo’s new fee structure will go into effect on July 20 and allow individuals (not just registered business accounts) to sell goods and services on Venmo for an extra fee: 1.9% plus $0.10 per transaction.
Roper Technologies, Inc. is an American diversified industrial company that produces engineered products for global niche markets. The company is headquartered in Sarasota, Florida. Roper provides a wide range of products and services to customers in over 100 countries. Roper specifically focuses on software-as-a-service (SaaS), engineered products, and solutions for a variety of markets. The company products have wide application across many industries including health care, transportation, commercial construction, food, energy, water, education, as well as academic research.
Some analysts, including Oppenheimer’s Christopher Glynn, feels that the long-term growth for the company is strong. Specifically, he thinks that the runway is “still attractive.” Glynn (who is a five-star analyst) raised the price target from $505 to $560 (16% upside potential) and reiterated the buy rating.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.