Evercore ISI Group Downgrades PayPal Holdings to In-Line, Lowers Price Target to $65
Portfolio Pulse from richadhand@benzinga.com
Evercore ISI Group analyst David Togut has downgraded PayPal Holdings (NASDAQ:PYPL) from Outperform to In-Line and lowered the price target from $85 to $65.
August 04, 2023 | 3:10 pm
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NEGATIVE IMPACT
PayPal Holdings has been downgraded from Outperform to In-Line by Evercore ISI Group, with a lowered price target from $85 to $65.
The downgrade from Outperform to In-Line and the lowering of the price target by Evercore ISI Group indicates a less optimistic outlook for PayPal Holdings. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100