After suffering through several consecutive challenging quarters of meaningful negative estimate revisions, the analyst finally sees PayPal's depressed multiple to grind higher as estimates appear to rise. Davis also states that the Street's estimates do not necessarily reflect the incremental revenue from rising rates within OVAS, which could potentially offset any macro related transaction revenue weakness in the coming year. On September 21, BofA analysts added PayPal Holdings, Inc. (NASDAQ:PYPL) to the firm's "US 1 list". The list represents a collection of the firm's best investment ideas that are drawn from the universe of Buy-rated, U.S.-listed stocks covered by BofA Global Research. PayPal Holdings, Inc. (NASDAQ:PYPL) was found in the 13F holdings of 97 hedge funds in the second quarter. Their total stake value in the company was $5.2 billion.