PayPal Q3 Is 'All About' New CEO's Vision: 5 Analysts Explore Earnings, Prospects
Portfolio Pulse from Priya Nigam
PayPal Holdings Inc (NASDAQ:PYPL) reported its Q3 results, leading to a rise in its shares. Analysts from Piper Sandler, Wedbush, Stephens, Mizuho Securities, and William Blair provided their insights. The new CEO, Alex Chriss, highlighted the need to reduce operating expenses and increase small business adoption of PayPal Complete Payments. The company also plans to launch a new consumer experience and focus on share gains with BrainTree. The full-year earnings guidance was raised from $4.95 per share to $4.98 per share.
November 02, 2023 | 3:14 pm
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PayPal's Q3 results were better than expected, leading to a rise in its shares. The new CEO's vision and plans, including cost reduction and increased small business adoption of PayPal Complete Payments, were well received. The company also raised its full-year earnings guidance.
The positive Q3 results and the new CEO's vision and plans are likely to boost investor confidence in PayPal, leading to a potential increase in its stock price. The raised full-year earnings guidance also signals strong financial performance, which is a positive indicator for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100