PayPal's Solid Transaction Growth Boosts Confidence, Yet Q4 Revenue Guidance Dampens Enthusiasm: Analyst
Portfolio Pulse from Anusuya Lahiri
JP Morgan analyst Tien-tsin Huang maintains an Overweight rating on PayPal despite a slight revenue miss in Q3. PayPal's transaction growth is strong, but Q4 revenue guidance is lower than expected, impacting investor enthusiasm.
October 29, 2024 | 4:42 pm
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PayPal reported a 6% revenue growth in Q3, slightly below expectations, but strong transaction growth. Q4 guidance is lower than expected, impacting investor sentiment.
PayPal's Q3 results showed strong transaction growth, but revenue slightly missed expectations. The Q4 guidance is lower than anticipated, which may dampen investor enthusiasm despite the positive transaction metrics. The stock has risen 27% since last earnings, but the current price action shows a 4.14% decline, indicating mixed investor reactions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100