Canaccord Genuity Maintains Buy on PayPal Holdings, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Joseph Vafi maintains a Buy rating on PayPal Holdings (NASDAQ:PYPL) but lowers the price target from $100 to $80.
February 08, 2024 | 6:43 pm
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Canaccord Genuity maintains a Buy rating on PayPal Holdings but lowers the price target from $100 to $80.
While the maintenance of a Buy rating by Canaccord Genuity indicates continued confidence in PayPal's fundamentals and growth prospects, the reduction in the price target from $100 to $80 could reflect adjustments in valuation metrics or market conditions that might temper short-term price optimism. Investors might view the lowered price target as a recalibration of expectations rather than a negative outlook, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100