PayPal's Branded Checkout Button Poised for Growth Amid China's Temu Surge: Analyst
Portfolio Pulse from Anusuya Lahiri
Mizuho analyst Dan Dolev reiterated a Buy rating for PayPal Holdings Inc (PYPL) with a $92 price target. The analyst sees potential growth for PYPL's Branded Checkout button due to the surge in popularity of China's Temu, an online marketplace launched by PDD Holdings Inc (PDD) in the U.S. PYPL is among the payment options available on Temu. Web traffic to Temu has increased significantly, contributing to a higher share of incoming traffic to PYPL.
September 15, 2023 | 5:42 pm
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POSITIVE IMPACT
PDD Holdings' U.S. online marketplace, Temu, is rapidly gaining popularity, contributing to higher web traffic for PayPal.
The surge in popularity of PDD Holdings' Temu could indirectly benefit PayPal, which is offered as a payment option on the platform.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
PayPal's Branded Checkout button could see growth due to the surge in popularity of China's Temu, contributing to higher web traffic for PayPal.
The surge in popularity of China's Temu, which offers PayPal as a payment option, could contribute to increased usage of PayPal's Branded Checkout button, potentially driving growth for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Amazon is mentioned as a comparison to Temu, but the news does not directly impact Amazon.
Amazon is mentioned only as a comparison to Temu, and the news does not have a direct impact on Amazon.
CONFIDENCE 100
IMPORTANCE 10
RELEVANCE 10