PayPal shares are trading higher amid continued strength after the company yesterday reported better-than-expected Q2 financial results. Also, Bernstein upgraded the stock from Market Perform to Outperform and multiple firms raised their respective price targets.
Portfolio Pulse from Benzinga Newsdesk
PayPal shares are trading higher following better-than-expected Q2 financial results. Additionally, Bernstein upgraded the stock from Market Perform to Outperform, and multiple firms raised their price targets.
July 31, 2024 | 2:21 pm
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PayPal shares are experiencing a boost due to strong Q2 financial results, an upgrade from Bernstein, and increased price targets from multiple firms.
The combination of better-than-expected Q2 results, an upgrade from a reputable firm like Bernstein, and increased price targets from multiple firms is likely to positively impact PayPal's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100