PayPal's Q3 Revenue Risks Priced In, Says Analyst
Portfolio Pulse from Shivani Kumaresan
BofA Securities analyst Jason Kupferberg reiterated a Buy rating on PayPal Holdings Inc (NASDAQ:PYPL) with a price target of $79. PayPal is expected to report its Q3 FY23 earnings on November 1. The analyst believes that PayPal's story has improved due to the continued strength of the global franchise, positive inflection in revenue trends, high EPS visibility, robust FCF/return to cash, and attractive valuation. However, PayPal's shares are trading lower by 0.91% at $55.84 on the last check Friday.
October 13, 2023 | 7:03 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
PayPal's Q3 FY23 earnings report is expected on November 1. The company's shares are currently trading lower by 0.91% at $55.84. BofA Securities analyst Jason Kupferberg reiterated a Buy rating on PayPal with a price target of $79.
The analyst from BofA Securities has reiterated a Buy rating on PayPal, indicating a positive outlook for the company. However, the company's shares are currently trading lower, which could be due to various market factors. The upcoming Q3 FY23 earnings report could potentially influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100