Scalper1 News
PayPal (PYPL) and its viral peer-to-peer payments app Venmo will start to add sales and profit to PayPal come 2017, according to Jefferies analyst Jason Kupferberg. Kupferberg’s monetization scenario assumes a base of 3.2 million Venmo users and expects to see revenue growth between 0.8% and 2.5%, and bottom line growth of 1.2% to 2.4% by 2017. “Longer term, Venmo’s huge growth should have positive network effects for PayPal,” the analyst wrote in Scalper1 News
Scalper1 News