Fintech company PayPal Holdings (PYPL) is primed to get a big boost from its launch of the Venmo app on the e-commerce site Amazon.com (AMZN). PayPal’s Pay with Venmo app is an easy-to-use mobile checkout experience for online shopping. The company is launching this app on Amazon.com in the fourth quarter of this year. Canaccord Genuity analyst Joseph Vafi is highly optimistic about this foray and shared his views in a research note yesterday. The five-star analyst reiterated a Buy rating on PYPL stock with a price target of $160, which implies a massive 89.9% upside potential to current levels.
