Trading Strategies For PayPal Stock Heading Into Q2 Earnings
Portfolio Pulse from Melanie Schaffer
PayPal Holdings, Inc (NASDAQ:PYPL) is set to release its Q2 financial results. Analysts expect an EPS of $1.05 on revenues of $6.59 billion. BTIG analyst Lance Jessurun maintained a Buy rating on PayPal and raised a price target from $85 to $90, while Credit Suisse analyst Timothy Chiodo reiterated a Neutral rating and maintained a price target of $80. The stock's performance is mixed heading into the earnings release, trading close to the 200-day simple moving average (SMA).
August 04, 2023 | 12:00 pm
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NEUTRAL IMPACT
PayPal is set to release its Q2 earnings. Analysts expect an EPS of $1.05 on revenues of $6.59 billion. The stock is trading close to the 200-day SMA, indicating a mixed performance.
The upcoming earnings release is a significant event for PayPal. Analysts' expectations and the stock's current performance could influence its short-term price. However, it's uncertain whether the earnings will meet, exceed, or fall short of expectations, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100