PayPal Likely To Post Rise In Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
PayPal Holdings, Inc. (NASDAQ:PYPL) is expected to report its Q2 financial results on Aug. 2, 2023, with analysts predicting earnings of $1.16 per share, up from 93 cents a year ago, and revenue of $7.27 billion. Recently, several analysts have adjusted their price targets for PayPal, with most reducing their targets.
August 04, 2023 | 11:18 am
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PayPal is expected to report increased earnings in Q2, but recent price target changes by analysts have been mostly downward. This could indicate a cautious outlook for the stock.
While the expected increase in earnings is a positive sign, the recent downward adjustments of price targets by analysts could indicate a cautious outlook for the stock. This could potentially impact the stock's performance in the short term.
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