PayPal (PYPL) PT Raised to $115 at KeyBanc

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Go back to PayPal (PYPL) PT Raised to $115 at KeyBanc

PayPal Surges on Solid Results and Elliott's Investment, Analysts See Improved Near-term Outlook

August 3, 2022 6:22 AM EDT

Shares of PayPal (NASDAQ: PYPL) are up more than 11% after the fintech company announced better-than-expected Q2 results.

PYPL reported Q2 adjusted EPS of 93c, topping the consensus estimates of 86c per share, according to Refinitiv. Revenue came in at $6.81 billion, up 9% YoY, and above the estimated $6.79 billion.

The company reported 429 million active users at the end of the quarter, up 6% YoY and below the consensus projection of 432.8 million.

PayPal said it has made significant progress in terms of capital efficiency, with the company estimating to slash costs by $900... More