PayPal’s (PYPL) “Ample Uncertainty” & Block’s (SQ) Growth Ability

TD Cowen sees PayPal (PYPL) as a leading fintech with an unmatched global network. TD Cowen initiated coverage on PYPL with a market perform rating and a $66 price target and sees “ample uncertainty” given its contention that “staying on top is just as hard as getting there.” They analyst highlights that there may be many potential catalysts but those rely on ample uncertainty. TD Cowen also initiated coverage with an outperform rating a $59 price target on Block Inc. (SQ). The analyst sees the company’s ability to grow and integrate its solutions and places the company among the most likely to challenge industry norms. Jenny Horne discusses these names and Chartmaster Rick Ducat looks at the technical trends in these stocks that investors should be watching. Tune in to find out more about the stock market today.