PayPal (PYPL) PT Lowered to $322 at Rosenblatt

November 9, 2021 7:11 AM EST
Get Alerts PYPL Hot Sheet
Price: $93.83 +1.12%

Rating Summary:
    42 Buy, 13 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 5 | Down: 17 | New: 8
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Rosenblatt analyst Ken Hill lowered the price target on PayPal (NASDAQ: PYPL) to $322.00 (from $352.00) while maintaining a Buy rating.

The analyst commented, "We are lowering our 12-month PT to $322 (from $352) for Buy-rated PYPL following a mixed 3Q earnings report. EPS of $1.11 came in slightly ahead of the Visible Alpha consensus of $1.07, while revenues for the quarter fell modestly short. As for guidance, the Street's estimates are likely to be revised lower given the new 4Q guidance, which calls for EPS of ~$1.12 vs. prior consensus of $1.27. Commentary around 2022 is not likely to impress either, with high-teens revenue growth (e.g., 18%) expected for the year (vs. prior consensus of ~20%), and a couple of non-operating headwinds expected to blunt EPS growth."

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