Bernstein Downgrades PayPal Holdings to Market Perform, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Harshita Rawat has downgraded PayPal Holdings from Outperform to Market Perform, while raising the price target from $75 to $80.
October 10, 2024 | 11:38 am
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NEUTRAL IMPACT
Bernstein has downgraded PayPal Holdings from Outperform to Market Perform, indicating a more cautious outlook. However, the price target has been raised to $80, suggesting some positive expectations.
The downgrade from Outperform to Market Perform suggests a less optimistic view on PayPal's short-term performance, which could lead to neutral market reactions. However, the raised price target to $80 indicates some underlying positive expectations, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100