This Is What Whales Are Betting On PayPal Holdings
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on PayPal Holdings (NASDAQ:PYPL), with 57% of detected trades showing bearish expectations. Whales have been targeting a price range from $55.0 to $120.0 for PayPal over the last 3 months. The price of PYPL is currently down -1.44% at $63.26. Analysts from Canaccord Genuity, Piper Sandler, Credit Suisse, Truist Securities, and Morgan Stanley have maintained their ratings on PayPal, with price targets ranging from $80 to $126.
August 04, 2023 | 3:38 pm
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NEGATIVE IMPACT
PayPal Holdings has seen a bearish sentiment from investors, with a targeted price range of $55.0 to $120.0. The current price is down -1.44% at $63.26. Analysts have maintained their ratings, with price targets from $80 to $126.
The bearish sentiment from investors, coupled with the current price drop, indicates a potential short-term negative impact on PayPal's stock. However, the maintained ratings and price targets from analysts suggest a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100