Streetbeat News

PYPL

PayPal Holdings, Inc.

https://www.paypal.com

Industry

Financial - Credit Services

PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies. PayPal Holdings, Inc. was founded in 1998 and is headquartered in San Jose, California.

Open

90.42

Mkt cap

91B

Volume

7.8M

High

91.19

P/E Ratio

21.78

52-wk high

93.66

Low

89.82

Div yield

N/A

52-wk low

55.77

PayPal has appointed Jamie Miller as its new Chief Financial Officer, effective from November 6.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:25 pm

PayPal has reported its Q3 2023 earnings with an adjusted EPS of $1.30, beating the estimate of $1.23. The company's net revenues also surpassed the estimate, coming in at $7.4 billion against the expected $7.384 billion.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:24 pm

PayPal Holdings, Inc (NASDAQ:PYPL) is set to release its Q3 earnings report. Analysts expect an EPS of $1.23 on revenues of $7.38 billion. Wells Fargo analyst Andrew Bauch initiated coverage with an Equal-Weight rating and a price target of $55, suggesting a 6% upside. Truist Securities analyst Andrew Jeffrey maintained a Buy rating but cut the price target from $85 to $70. From a technical perspective, PayPal looks bearish heading into the event, trading in a downtrend and settling into a possible bear flag pattern.

Portfolio Pulse from Melanie Schaffer

November 01, 2023 | 7:15 pm

PayPal Holdings Inc (NASDAQ:PYPL) is set to report its Q3 earnings after market close on Wednesday. Analysts will be closely watching operational performance and metrics, including non-transaction operating expenditure. The company's foray into crypto adds another layer of uncertainty. Merchant growth seems to be stalling due to increased competition. For Q3, analysts expect PayPal to report $1.16 in EPS and $6.96 billion in revenue. The stock is down 13% over the past month.

Portfolio Pulse from Surbhi Jain

November 01, 2023 | 5:25 pm

The article lists the top 10 trending stocks on WallStreetBets as of November 1, 2023. The stocks mentioned are NVDA, AMD, TSLA, PYPL, AAPL, PAYC, ADP, GME, QQQ, and FAT.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:22 pm

PayPal Holdings, Inc. (NASDAQ:PYPL) is set to release its Q3 financial results on Nov. 1, 2023. Analysts predict an EPS of $1.16, up from $1.08 last year, and revenue of $6.96 billion, slightly higher than last year's $6.85 billion. Recently, UPS (NYSE:UPS) agreed to acquire Happy Returns from PayPal. Ahead of the earnings call, several analysts have revised their price targets for PayPal.

Portfolio Pulse from Lisa Levin

November 01, 2023 | 12:11 pm

Ahead of the Federal Reserve's rate decision, index futures are pulling back due to negative earnings reports from companies like Advanced Micro Devices, Inc. (AMD) and Yum China Holdings, Inc. (YUMC). The Nasdaq Composite, S&P 500, and the Dow Industrials have recorded three straight monthly losses. However, analyst Ryan Detrick predicts that November could bring positive news for the market. In premarket trading, the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ ETF (QQQ) both fell. Several companies, including Paycom Software, Inc. (PAYC) and WeWork Inc. (WE), saw significant drops in their stock prices.

Portfolio Pulse from Shanthi Rexaline

November 01, 2023 | 11:32 am

U.S. Deputy Treasury Secretary Wally Adeyemo has stated that cryptocurrencies are not the main source of funding for terrorist organizations, with traditional banking systems still being the primary channel. He noted that terrorist organizations have adopted online payment systems such as Venmo and PayPal Holdings Inc (NASDAQ:PYPL). Adeyemo emphasized the potential risks associated with the growing popularity of cryptocurrencies and the need for the industry to work with the government to prevent misuse.

Portfolio Pulse from Murtuza Merchant

October 31, 2023 | 4:41 pm

A whale investor has taken a bullish stance on PayPal Holdings (NASDAQ:PYPL), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $32.5 to $55.0 for PayPal Holdings over the last 3 months. The price of PYPL is up 0.27% at $51.19, with RSI indicators hinting that the stock may be approaching oversold. Next earnings are expected to be released in 1 day.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 2:01 pm

The article lists the top 10 trending stocks on WallStreetBets as of October 31, 2023. The stocks include Tesla (TSLA), Apple (AAPL), Advanced Micro Devices (AMD), Nvidia (NVDA), Invesco QQQ Trust (QQQ), Pfizer (PFE), Discovery (DIS), Teucrium Corn Fund (CORN), Dutch Bros (BROS), and PayPal (PYPL).

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 1:15 pm

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