PayPal (PYPL) PT Raised to $84 at RBC Capital

PayPal (PYPL) stock rating cut at Philip Securities

On Friday, Phillip Securities adjusted its stance on PayPal (NASDAQ: PYPL), downgrading the stock to Accumulate from Buy. The firm also revised its price target for the company's shares to $75.00, a decrease from the previous target of $83.00. This decision follows PayPal's first-quarter 2024 performance, which showed a steady revenue growth of 9% year-over-year (YoY), while profit after tax and minority interests (PATMI) increased by 12% YoY, benefitting from higher operating leverage.

PayPal reported that its total payment volume (TPV) surged by 14% YoY, contributing to... More

PayPal (PYPL) PT Raised to $74 at BofA Securities

BofA Securities analyst Jason Kupferberg raised the price target on PayPal (NASDAQ: PYPL) to $74.00 (from $68.00) while maintaining a Neutral rating.

The analyst comments "Following PYPLs 1Q results and adj. EPS guidance which now includes stock-based compensation (SBC) going forward, we update our... More

PayPal (PYPL) PT Raised to $65 at BMO Capital

BMO Capital analyst Rufus Hone raised the price target on PayPal (NASDAQ: PYPL) to $65.00 (from $64.00) while maintaining a Market Perform rating.

The analyst comments "We continue to worry it will prove challenging for PYPL to meaningfully accelerate gross profit (GP)... More

PayPal (PYPL) PT Raised to $65 at Wells Fargo

Wells Fargo raised its price target on PayPal (NASDAQ: PYPL) to $65.00 (from $60.00) while maintaining a Equal Weight rating.... More

PayPal (PYPL) PT Raised to $77 at Baird

(Updated - May 1, 2024 6:50 AM EDT)

Baird analyst Colin Sebastian raised the price target on PayPal (NASDAQ: PYPL) to $77.00 (from $70.00) while maintaining a Outperform rating.

The analyst commented: "We remain constructive on shares, which trade below most e-commerce/fintech, and offline comparables,... More

PayPal (PYPL) PT Raised to $77 at JPMorgan

JPMorgan analyst Tien-tsin Huang raised the price target on PayPal (NASDAQ: PYPL) to $77.00 (from $70.00) while maintaining a Overweight rating.

The analyst comments "PayPal stock closed up ~1% (S&P 500 down ~2%) as 1Q results were ahead of estimates and guidance, a good start to the year and for mgmt track record building. Transaction Margin Dollar growth accelerated to +4%... More

PayPal (PYPL) PT Raised to $71 at UBS

UBS analyst Tim Chiodo raised the price target on PayPal (NASDAQ: PYPL) to $71.00 (from $63.00) while maintaining a Neutral rating.

The analyst comments "We increase our price target to $71 (vs. $63 prior) based on a ~15.5x multiple (vs. prior 14x) on 2025E non-GAAP EPS $4.55 (vs. $4.41 prior)... More

PayPal (PYPL) PT Raised to $82 at JMP Securities

JMP Securities analyst David M. Scharf raised the price target on PayPal (NASDAQ: PYPL) to $82.00 (from $70.00) while maintaining a Market Outperform rating.... More

Keefe, Bruyette & Woods Reiterates Outperform Rating on PayPal (PYPL)

Keefe, Bruyette & Woods analyst Sanjay Sakhrani reiterated an Outperform rating and $78.00 price target on PayPal (NASDAQ: PYPL).

The analyst commented, "Following the 1Q print, we are raising our 2024/2025 estimates to $4.06 (from $4.02) and $4.60 (from $4.56), respectively, to reflect higher revenue growth in FY24,... More

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Midday movers: Eli Lilly, 3M, PayPal rise; Coca-Cola, Tesla fall

(Updated - April 30, 2024 11:26 AM EDT)

Investing.com -- Main U.S. indexes slipped lower Tuesday, amid caution ahead of the start of the latest Federal Reserve policy-setting meeting.

Here are some of the biggest U.S. stock movers today:

Coca-Cola (NYSE: KO) stock fell 0.7% despite the beverage giant reporting quarterly earnings and revenue that beat expectations, and raising its full-year outlook for organic revenue. That said, sales in its important North American market were flat for the quarter.

Tesla (NASDAQ:... More

PayPal lifts 2024 profit forecast, execs focus on branded checkout growth

By Manya Saini and Jaiveer Shekhawat

(Reuters) -PayPal executives on Tuesday emphasized plans to reignite growth in branded checkout products that have struggled in recent years as big tech expanded market share, after the payments firm raised its forecast for full-year adjusted profit.

The company's stock had struggled last year on fears that the entry of Apple and Alphabet's Google in digital payments could take away a big chunk of PayPal's mainstay business.

PayPal's unbranded businesses... More

PayPal Q1 total payment volume tops expectations

Investing.com -- PayPal has posted a better-than-anticipated 14% year-on-year uptick in first-quarter total payment volume to $403.9 billion.

This is a developing story. Please check back later for updates.

PayPal (PYPL) Tops Q1 EPS, Revenue

(Updated - April 30, 2024 8:18 AM EDT)

PayPal (NASDAQ: PYPL) reported Q1 non-GAAP EPS of $1.40, $0.18 cents better than the analyst estimate of $1.22. Revenue for the quarter came in at $7.7 billion versus the consensus estimate of $7.51 billion.

Financial... More

Why these analysts say PayPal's turnaround effort is "achievable"

Investing.com -- PayPal Chief Executive Alex Chriss presented a sober picture of the payment group's prospects for its 2024 financial year when he spoke with analysts in February.

"2024 is going to be a transition year, focused on execution to position the business for long-term success," Chriss said in a call after the company's estimate-beating fourth-quarter results were largely overshadowed by a forecast for flat annual adjusted profit growth.

Chriss, who took over at the helm of PayPal in September, is attempting to navigate the firm through a sweeping restructuring process aimed at boosting its flagging share... More

US stock futures flat as tech rally cools, Fed meeting looms

Investing.com-- U.S. stock index futures moved little in evening deals on Monday as a rally in the technology sector appeared to be running out of steam amid dwindling hopes for interest rate cuts by the Federal Reserve.

Focus was now on a Fed meeting later in the week for more cues on policy, after a series of hot inflation readings saw traders price out most expectations for any near-term rate cuts. 

While Wall Street indexes marked some gains in the past three sessions, they were still set to clock losses for... More

PayPal (PYPL) call put ratio 2.6 calls to 1 put into quarter result and outlook

PayPal (NASDAQ: PYPL) May weekly call option implied volatility is at 106, May is at 58; compared to its 52-week range of 15 to 36 into the expected release of quarter results before the bell on April 30.

PayPal (PYPL) May weekly 66 straddle into quarter results

PayPal (NASDAQ: PYPL) May weekly 66 straddle priced for a mov of 9.5% into the expected release of quarter results before the bell on April 30.