5 Inverse Cramer Stocks To Buy According to Analysts

1. PayPal Holdings, Inc. (NASDAQ:PYPL)

Average Upside Potential as of May 29: 60.79%

Average Analyst Price Target: $96.83

Number of Hedge Fund Holders: 103

Return since May 29th: 11.2%

At the end of the first quarter of 2023, 103 hedge funds were eager on PayPal Holdings, Inc. (NASDAQ:PYPL) and held positions worth $3.6 billion in the company. Of those, D E Shaw was the largest investor in the company and disclosed a position worth $426 million.

On May 8, PayPal Holdings, Inc. (NASDAQ:PYPL) posted market-beating earnings for the first quarter fiscal 2023. The company reported an EPS of $1.17 and outperformed EPS estimates by $0.07. The company’s revenue for the quarter amounted to $7.04 billion, up 8.59% year over year and ahead of Wall Street consensus by $52.55 million.

On May 11, Barclays updated its price target on PayPal Holdings, Inc. (NASDAQ:PYPL) to $92 from $108 and reiterated an Overweight rating on the shares.

Wall Street is bullish on PayPal Holdings, Inc. (NASDAQ:PYPL) and the stock is the best inverse Cramer stock to buy now, according to analysts. Over the past 3 months, the stock has received 18 Buy ratings and 9 Hold ratings from analysts and has an average price target of $96.83. The stock’s average price target represents an upside of 60.79% from current levels.

Renaissance Investment Management made the following comment about PayPal Holdings, Inc. (NASDAQ:PYPL) in its Q4 2022 investor letter:

“Another underperformer in the quarter was PayPal Holdings, Inc. (NASDAQ:PYPL). Despite reporting solid third quarter operating results and announcing new payment agreements with both Apple and Amazon.com, the company guided for a slowdown in e-commerce activity, partly reflecting weakened consumers who are dealing with heightened inflation. However, we still expect growth in PayPal’s core payments platforms to improve in upcoming quarters, driven by easier year-over-year comparisons.”

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