PayPal Analyst Re-Rates Stock Ahead of Q2 Earnings, Cites Supportive Trends in US Branded Checkout Growth
Portfolio Pulse from Anusuya Lahiri
Credit Suisse analyst Timothy Chiodo reiterated PayPal Holdings Inc (NASDAQ:PYPL) with a Neutral and $80 price target. Minor model updates were made ahead of Q2 2023 earnings, providing further context on lapping effects in the second half of 2023. Chiodo updated his Branded Checkout share analysis and transaction expense analysis. He noted supportive trends in PayPal’s U.S. Branded Checkout YoY growth. The price target remained unchanged at $80.
July 24, 2023 | 3:58 pm
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NEUTRAL IMPACT
PayPal's stock has been reiterated with a Neutral rating and a price target of $80 by Credit Suisse analyst Timothy Chiodo. He noted supportive trends in PayPal’s U.S. Branded Checkout YoY growth.
The reiteration of PayPal's stock with a Neutral rating and a price target of $80 by Credit Suisse analyst Timothy Chiodo is a significant event for the company. The analyst's comments about supportive trends in PayPal’s U.S. Branded Checkout YoY growth could influence investor sentiment and potentially impact the stock's performance in the short term. However, as the price target remains unchanged, the overall impact is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100