Canaccord Genuity Maintains Buy on PayPal Holdings, Lowers Price Target to $110
Portfolio Pulse from richadhand@benzinga.com
Canaccord Genuity analyst Joseph Vafi maintains a 'Buy' rating on PayPal Holdings (NASDAQ:PYPL) but has lowered the price target from $160 to $110.
August 04, 2023 | 12:42 pm
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PayPal's price target has been lowered from $160 to $110 by Canaccord Genuity, though the 'Buy' rating is maintained.
The lowering of the price target by Canaccord Genuity could potentially lead to a short-term negative impact on PayPal's stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100