Barclays Maintains Overweight on PayPal Holdings, Lowers Price Target to $88
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ramsey El-Assal has maintained an Overweight rating on PayPal Holdings (NASDAQ:PYPL) but lowered the price target from $92 to $88.
August 07, 2023 | 2:22 pm
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Barclays has maintained an Overweight rating on PayPal but lowered the price target from $92 to $88.
The news is directly about PayPal. While the Overweight rating is positive, the lowering of the price target might have a neutral impact on the stock as it indicates a lower future valuation. The impact is important for investors as it comes from a reputable source, Barclays, and it directly affects the company's valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100