PayPal shares slide as revenue misses expectations
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Goldman Sachs Reiterates Buy Rating on PayPal (PYPL)
October 29, 2024 8:14 AM EDTGoldman Sachs analyst Will Nance reiterated a Buy rating and $79.00 price target on PayPal (NASDAQ: PYPL).
The analyst comments "Bottom line: Results came in ahead of expectations, driven by a higher transaction margin where both transaction revenues and transaction expenses came in below expectations but expenses were down more. Additionally, OVAS increased sequentially and came in higher adding to the beat. Partially offsetting this was higher opex. In terms of guidance, the company flowed through much of the Q3 beat, while implied 4Q... More
