This Is What Whales Are Betting On PayPal Holdings
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on PayPal Holdings (NASDAQ:PYPL), with 61% of investors opening trades with bearish expectations. The whales have been targeting a price range from $60.0 to $140.0 for PayPal over the last 3 months. The price of PYPL is currently down -1.16% at $62.46. Several experts have given their ratings on PayPal, with most maintaining an Outperform or Buy rating, and price targets ranging from $77 to $88.
August 09, 2023 | 3:31 pm
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NEGATIVE IMPACT
A significant investor has taken a bearish stance on PayPal Holdings. The price of PYPL is currently down -1.16% at $62.46. Several experts have given their ratings on PayPal, with most maintaining an Outperform or Buy rating, and price targets ranging from $77 to $88.
The bearish stance taken by a significant investor, along with the current downward trend in price, could potentially lead to a short-term decrease in PayPal's stock price. However, the majority of experts maintaining an Outperform or Buy rating, and the price targets given, suggest a potential for recovery in the medium to long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100