JMP Securities Maintains Market Outperform on PayPal Holdings, Lowers Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst David Scharf maintains a Market Outperform rating on PayPal Holdings (NASDAQ:PYPL) but lowers the price target from $85 to $68.
November 02, 2023 | 7:22 pm
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PayPal's price target has been lowered from $85 to $68 by JMP Securities, though the Market Outperform rating is maintained.
The lowering of the price target by JMP Securities indicates a potential decrease in PayPal's stock value in the short term. However, the maintained Market Outperform rating suggests that the company is still expected to perform well compared to other market players.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100