PayPal Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
PayPal Holdings, Inc. (NASDAQ:PYPL) is set to release its Q3 financial results on Nov. 1, 2023. Analysts predict an EPS of $1.16, up from $1.08 last year, and revenue of $6.96 billion, slightly higher than last year's $6.85 billion. Recently, UPS (NYSE:UPS) agreed to acquire Happy Returns from PayPal. Ahead of the earnings call, several analysts have revised their price targets for PayPal.
November 01, 2023 | 12:11 pm
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POSITIVE IMPACT
PayPal is expected to post higher Q3 earnings and revenue. Analysts have revised their price targets.
The expected increase in PayPal's Q3 earnings and revenue, along with the recent acquisition by UPS, could positively impact its stock. However, the revised price targets by analysts indicate mixed views.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
UPS has recently agreed to acquire Happy Returns from PayPal.
The acquisition of Happy Returns could potentially enhance UPS's service offerings and customer base, which might positively impact its stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50