PayPal Has a New CEO, But Old Challenges Remain - Analysts Discuss Future Path
Portfolio Pulse from Anusuya Lahiri
PayPal Holdings, Inc (PYPL) has appointed Alex Chriss, from Intuit Inc (INTU), as its new CEO, effective from September 27, 2023. Analysts from Mizuho and KBW have reiterated their Buy and Outperform ratings on PayPal, with price targets of $92.00 and $90.00 respectively. The new CEO will face challenges such as changing the narrative around PayPal's share loss to Apple Inc's (AAPL) Apple Pay and deciding on the potential merger of PayPal and Venmo brands.
August 15, 2023 | 6:13 pm
News sentiment analysis
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NEUTRAL IMPACT
Apple's Apple Pay is seen as a major competitor to PayPal, with the new CEO needing to address this issue.
The news mentions Apple as a competitor to PayPal. However, it's unclear how this will impact Apple's stock in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Intuit's Alex Chriss has been appointed as the new CEO of PayPal, effective from September 27, 2023.
The news is relevant as it involves a high-ranking executive from Intuit. However, it's unclear how this will impact Intuit's stock in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Mastercard is mentioned in relation to PayPal's price target, which reflects a discount to Mastercard.
Mastercard is mentioned in relation to PayPal's price target. However, it's unclear how this will impact Mastercard's stock in the short term.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
PayPal has a new CEO, Alex Chriss, who will face challenges such as competition with Apple Pay and potential merger of PayPal and Venmo. Analysts maintain positive outlook.
The appointment of a new CEO usually brings uncertainty, which can impact the stock price. However, analysts maintain a positive outlook, which could balance the potential negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Visa is mentioned in relation to PayPal's price target, which reflects a discount to Visa.
Visa is mentioned in relation to PayPal's price target. However, it's unclear how this will impact Visa's stock in the short term.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 20