Barclays Initiates Cautious Coverage on PayPal with $42 Target Amid Growth Concerns
Despite the bearish call, analyst consensus sits near $53 with a Hold rating.
Despite the bearish call, analyst consensus sits near $53 with a Hold rating.
PayPal beat Q1 estimates on revenue and profit, but Q2 outlook is weak with expected EPS drop as costs rise; full year mixed.
PayPal splits Venmo into own unit to boost clarity and value; restructures company, cuts complexity, shares rise on news.
Full list of ratings for payments stocks including Visa, Mastercard, PayPal & more.
BofA reinstates coverage with Buy ratings on Visa, Mastercard, Block, Affirm, Klarna — Neutral on PayPal.
PayPal denies being in acquisition discussions with Stripe amid recent rumors. The company is preparing defenses against activists or takeovers after a stock drop, as new CEO Enrique Lores prepares to start.