PYPLPYPLPayPal Holdings, Inc.
$59.28
24h
+1.68%
Wall St EngineWall St Engine
29 Oct, 08:03

Bearish view on PayPal following Barclays downgrade

Bearish+4.83%

AI Summary

The author shares a Barclays downgrade of PayPal to Underweight with a reduced price target of $53, citing weak core checkout growth and market share loss concerns.

Barclays downgrades PayPal $PYPL to Underweight, cuts PT to $53 from $56 Analyst Nik Cremo says Q3's EPS beat masked weakness in core branded checkout, which grew just 1% FX-neutral and was flat excluding Venmo Q4 growth outlook is now 1%-2%, fueling market-share loss concerns https://x.com/wallstengine/status/2115716221534691820/photo/1

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