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PayPal stock gains after BTIG upgrade – MarketWatch

Shares of PayPal Holdings Inc. undefined are up 1.2% in premarket trading Thursday after BTIG analyst Mark Palmer upgraded the stock to buy from neutral,…

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Shares of PayPal Holdings Inc.
PYPL,
+2.17%
are up 1.2% in premarket trading Thursday after BTIG analyst Mark Palmer upgraded the stock to buy from neutral, citing traction for the company’s cryptocurrency platform. PayPal announced in October that it would start allowing users to buy, hold, and sell cryptocurrencies like bitcoin
BTCUSD,
-9.17%
through the PayPal platform, and Palmer said that Paxos, a private company powering PayPal’s crypto efforts, “has seen its trading volumes rise impressively…

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