PayPal Bulls Stand Firm: Will Q3 Earnings Trigger A Pullback?
Portfolio Pulse from Surbhi Jain
PayPal Holdings Inc (NASDAQ:PYPL) is set to report its Q3 earnings with Wall Street expecting $1.07 EPS. The stock has shown a strong bullish trend, trading above key moving averages, but its RSI suggests it may be nearing overbought levels. Analysts have a Buy rating with a price target of $78.24, indicating an 8% upside.
October 28, 2024 | 7:11 pm
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PayPal is expected to report Q3 earnings with a strong bullish trend in its stock price. The stock is trading above key moving averages, indicating potential upward momentum. However, the RSI suggests it may be nearing overbought levels, which could lead to a pullback if buying interest decreases. Analysts have a Buy rating with a price target of $78.24, implying an 8% upside.
PayPal's stock is currently in a strong bullish trend, trading above its short-term moving averages, which suggests potential for continued upward momentum. However, the RSI indicates that the stock is nearing overbought levels, which could limit further gains and potentially lead to a pullback. Analysts' price targets suggest an 8% upside, reinforcing a positive outlook, but investors should be cautious of potential selling pressure.
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