Oppenheimer Downgrades PayPal Holdings to Perform
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Dominick Gabriele has downgraded PayPal Holdings (NASDAQ:PYPL) from Outperform to Perform, indicating a neutral outlook on the company's stock.
January 04, 2024 | 12:54 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
PayPal Holdings was downgraded by Oppenheimer from Outperform to Perform, suggesting that the analyst no longer expects the company's stock to outperform the market.
Downgrades by analysts can lead to a negative perception among investors, potentially impacting the stock price. However, the change to 'Perform' suggests a neutral stance rather than a negative one, which may limit the impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100