PayPal (PYPL) PT Raised to $115 at KeyBanc
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PayPal Surges on Solid Results and Elliott's Investment, Analysts See Improved Near-term Outlook
August 3, 2022 6:22 AM EDTShares 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
