SQ - PayPal tops Evercore ISI list of 2021 payment stock picks

Evercore ISI analyst David Togut names PayPal ([[PYPL]] +2.0%) top 2021 payment stock pick as the fintech benefits from acceleration of digital payments triggered by the COVID-19."Potential new marketplace wins could offset the headwind from the end of eBay operating agreement," Togut writes in a note to clients.He points to the launch of its crypto service and the introduction of QR codes that will allow consumers to use PayPal at large national retailers in-store.Rates PYPL Outperform with a $312 price target.See how PayPal ratings compare with the rest of Togut's top five payment picks for 2021:Togut names Square ([[SQ]] +0.4%) the No. 2 payment stock pick for next year, citing the combination of its Seller ecosystem for micro and small to mid-size merchants and its popular Cash App digital wallet and banking app."2021 catalysts include integration of the Cash App & Seller ecosystems, a potential second government stimulus, and SQ’s

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PayPal tops Evercore ISI list of 2021 payment stock picks