'We Are Still In The Wait And See Stage': 5 PayPal Analysts Weigh In As Stock Tanks Despite Q2 Earnings Beat
Portfolio Pulse from Priya Nigam
PayPal Holdings Inc's (NASDAQ:PYPL) stock fell despite reporting a Q2 earnings beat. Analysts from Truist Securities, Canaccord Genuity Capital Markets, Oppenheimer, Susquehanna, and Needham weighed in on the results. While some analysts maintained a Buy rating and raised the price target, others cut the price target or maintained a Hold or Neutral rating. The analysts highlighted strong revenue, accelerating ecommerce growth, and promising new initiatives, but also noted concerns about margin pressure and the shift to lower margin unbranded revenue.
August 04, 2023 | 1:51 pm
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PayPal's stock fell despite a Q2 earnings beat. Analysts have mixed views, with some maintaining a Buy rating and others cutting the price target or maintaining a Hold or Neutral rating.
The stock fell despite a Q2 earnings beat, indicating that investors may have had higher expectations. While some analysts maintained a Buy rating and raised the price target, others cut the price target or maintained a Hold or Neutral rating, reflecting mixed views on the company's performance and outlook. Concerns about margin pressure and the shift to lower margin unbranded revenue could negatively impact the stock in the short term.
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