PayPal drops as analysts say transaction GP growth 'looks very weak'

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Go back to PayPal drops as analysts say transaction GP growth 'looks very weak'

Evercore cuts PayPal (PYPL) to In Line on margin pressure

August 4, 2023 1:50 PM EDT

Evercore ISI downgraded PayPal (NASDAQ: PYPL) to an In Line rating (From: Outperform) and cut their 12-month price target on the stock to $65.00 (From $85.00) based on a 2024 target price-to-earnings (PE) ratio of 12, down from 15.

The financial tech and payments company released their 2@ earnings... More