Wells Fargo Initiates PayPal Holding (PYPL) With an Equal Weight

Group 1 - PayPal Holdings, Inc. is considered one of the most undervalued long-term stocks to buy currently, with Wells Fargo initiating coverage with an Equal Weight rating and a price target of $74 [1] - Wells Fargo has started coverage on 20 stocks in the payments, processors, and IT services sectors, noting that the payments sector has faced challenges due to a rotation towards AI stocks and instances of subpar execution from payment companies [2] - Despite the difficulties in the payments sector, Wells Fargo believes that many stocks have been unfairly categorized and sees attractive investment opportunities within the sector [2] Group 2 - PayPal provides digital financial payment platforms for consumers and merchants, but certain AI stocks are viewed as having greater upside potential and less downside risk [3] - The article suggests that there are undervalued AI stocks that could benefit from trends such as Trump-era tariffs and onshoring [3]