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PayPal Holdings, Inc. (NASDAQ:PYPL – Get Free Report) shares were up 1% during mid-day trading on Thursday after The Goldman Sachs Group raised their price target on the stock from $79.00 to $87.00.

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Investors were underwhelmed with PayPal's projections, despite the company increasing its forecast once again.

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PayPal stock rally halted by mixed Q3 results. Despite revenue miss, TPV, earnings, share buybacks at record levels.

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PayPal forecast fourth-quarter revenue below estimates on Tuesday as the digital payments company shifts its focus from aggressive growth to high-margin businesses, sending its shares down 5%.

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PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in slightly below expectations.