PayPal (PYPL) PT Lowered to $160 at Wolfe Research
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PayPal (PYPL) Stock Crashes 17% on Another Mixed Print, Prompts 3 Firms to Cut Rating Following 'Lackluster Outlook'
February 2, 2022 8:03 AM ESTShares of PayPal (NASDAQ: PYPL) are down over 17% after the fintech giant reported mixed Q4 2021 earnings and Q1 2022 guidance that missed consensus estimates.
PayPal reported EPS of $1.11 per share, excluding items, almost in line with consensus estimates of $1.12 per share, according to Refinitiv. Revenue came in at $6.92 billion, topping the analyst consensus of $6.87 billion.
As for Q1 2022, PayPal forecasted non-GAAP EPS of 87 cents, way below the $1.16 consensus. The financial technology company expects revenue growth between 15% and 17% for FY2022, on a spot and foreign-currency-neutral basis, versus the analyst consensus of YOY revenue... More
