DZ Bank Downgrades PayPal Holdings to Hold, Announces $60 Price Target
Portfolio Pulse from Benzinga Newsdesk
DZ Bank analyst Werner Eisenmann downgraded PayPal Holdings (NASDAQ:PYPL) from Buy to Hold and set a $60 price target.

February 09, 2024 | 12:05 pm
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PayPal Holdings was downgraded by DZ Bank from Buy to Hold with a price target of $60.
The downgrade from Buy to Hold by a significant financial institution like DZ Bank suggests a less optimistic outlook on PayPal's short-term growth prospects. This could lead to decreased investor confidence and potentially a negative impact on the stock price in the short term. The setting of a $60 price target, depending on its relation to the current trading price, could also influence market perception and trading behavior.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100