PayPal Holdings Inc (NASDAQ:PYPL) shares were climbing in early trading on Wednesday, despite the company reporting upbeat second-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways. Goldman Sachs On PayPal Holdings Analyst Will Nance maintained a Neutral rating while raising the price target from $68 to $69. PayPal reported "solid" quarterly results, "with a 7% transaction margin beat vs consensus, even after stripping out more one-off drivers, Nance said in a note. "Additionally, we believe the commentary on the back half of the year was better than expected," he added. Management expects consistent results in Branded checkout in the back half of the year, "which we believe is a positive read (albeit setting the company up for a slightly higher bar in 2H numbers)," the analyst wrote. The company continues to expect "profitable growth in Braintree/Unbrand, which has been a consistent theme since the mgmt change last summer, and is now supported by Unbranded volumes driving incremental net revenue growth this quarter," he further stated. BMO Capital Markets On PayPal Holdings Analyst Rufus Hone reaffirmed a Market Perform rating while lifting the price target from $65 to $72. PayPal's transaction margin (TM) dollar growth accelerated to 8% year-on-year in the second quarter, Hone said. He added, however, that this was supported by "several tailwinds." "We continue to worry that it will prove challenging for PYPL to meaningfully accelerate transaction margin (TM) dollar growth (on a sustainable basis) in the ...