PayPal (PYPL) Thoughts Ahead of Earnings - Wolfe Research

Wolfe Research analyst Darrin Peller reiterated an Outperform rating and $160.00 price target on PayPal (NASDAQ: PYPL) offering thoughts on the stock ahead of earnings.

The analyst stated "we see risk to PYPL's 2022 guidance given ongoing macro headwinds surrounding persistent inflation, Russia, and lock-downs in China. On the 4Q earnings call, John noted that if macro headwinds were to persist, the lower end of the guidance range would be more likely, and we believe the company not reiterating guidance in the 8-K disclosing John's departure is a sign that 2022 guidance may be taken down on the print. As for an updated range, we believe lowering revenue growth guidance by ~3ppt at the midpoint (new midpoint of 13%+) would be reasonable and set up a new range that is achievable for the remainder of the year."

For an analyst ratings summary and ratings history on PayPal click here. For more ratings news on PayPal click here.

Shares of PayPal closed at $83.70 yesterday.

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