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

67.81

Mkt cap

68B

Volume

9.8M

High

69.14

P/E Ratio

17.28

52-wk high

93.66

Low

67.55

Div yield

N/A

52-wk low

56.97

PayPal Holdings, Inc. (NASDAQ:PYPL) is expected to report its Q2 financial results on Aug. 2, 2023, with analysts predicting earnings of $1.16 per share, up from 93 cents a year ago, and revenue of $7.27 billion. Recently, several analysts have adjusted their price targets for PayPal, with most reducing their targets.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 11:18 am

US stock futures fell on Wednesday due to a U.S. sovereign rating downgrade by Fitch, intensifying concerns about market overbought conditions. The downgrade was attributed to fiscal indiscipline and governance challenges. Amidst this, the market is absorbing a stream of earnings reports. Traders are also expressing unease over rising bond yields and await insights from a private payrolls survey. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.43% and the Invesco QQQ ETF (NASDAQ:QQQ) slumped 0.70%. Several companies including Advanced Micro Devices, Inc. (NASDAQ:AMD), Starbucks Corp. (NASDAQ:SBUX), and Tesla, Inc. (NASDAQ:TSLA) saw movements in their stock prices following their quarterly results announcements.

Portfolio Pulse from Shanthi Rexaline

August 04, 2023 | 11:02 am

PayPal Holdings (NASDAQ:PYPL) is set to release its latest quarterly earnings report on August 2, 2023. Analysts estimate an earnings per share (EPS) of $1.05. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $75.82, down 23.41% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:50 am

The Dow Jones broke a 13-day winning streak, but ended the week up 0.65%. The Fed raised interest rates to 5.25%-5.5%, the highest level since 2001. Big Tech companies released earnings, with Microsoft (MSFT) shares falling due to slowed Azure growth, Alphabet (GOOG) shares rising after beating revenue estimates, Meta (META) shares increasing after beating earnings estimates, and Intel (INTC) shares climbing despite a revenue drop. Banc of California (BANC) announced a merger with PacWest Bancorp (PACW), causing its shares to soar. Bank of America (BAC) and JP Morgan Chase (JPM) shares slid after a proposal to raise capital requirements for big banks.

Portfolio Pulse from Natan Ponieman

July 28, 2023 | 8:06 pm

A significant amount of unusual options activity has been observed for PayPal Holdings (NASDAQ:PYPL), with a bearish stance being taken by a majority of investors. The price range targeted by these investors over the last 3 months is from $55.0 to $145.0. The current price of PYPL is up 2.71% at $73.98. Analysts from Piper Sandler and BTIG maintain a Neutral and Buy rating respectively, while Credit Suisse has downgraded its action to Neutral.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 5:01 pm

Unusual options activity has been observed for PayPal Holdings (NASDAQ:PYPL), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 17 options trades for PayPal, with sentiment split between 41% bullish and 58% bearish. The price range targeted by these investors over the last 3 months is from $35.0 to $145.0. BTIG, Credit Suisse, and Piper Sandler have maintained their ratings on PayPal, with price targets of $90, $80, and $80 respectively.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 7:01 pm

PayPal Holdings Inc (NASDAQ:PYPL) has been focusing on increasing its operational efficiency with the help of AI, which has already improved the productivity of one of its code development teams by 30%. The company has also formed partnerships with Microsoft Corporation (NASDAQ:MSFT) and Amazon.com (NASDAQ:AMZN) to allow customers to pay in multiple ways. Despite slower revenue growth in 2022 due to post-pandemic crash, PayPal's revenue grew 9% in Q1 2023. The company is also an equity holder of Uber Technologies (NYSE:UBER) and Mercado Libre (NASDAQ:MELI).

Portfolio Pulse from Upwallstreet

July 25, 2023 | 1:55 pm

BTIG analyst Lance Jessurun maintains a 'Buy' rating on PayPal Holdings (NASDAQ:PYPL) and raises the price target from $85 to $90.

Portfolio Pulse from jenniferd'souza@benzinga.com

July 25, 2023 | 12:18 pm

Credit Suisse analyst Timothy Chiodo reiterated PayPal Holdings Inc (NASDAQ:PYPL) with a Neutral and $80 price target. Minor model updates were made ahead of Q2 2023 earnings, providing further context on lapping effects in the second half of 2023. Chiodo updated his Branded Checkout share analysis and transaction expense analysis. He noted supportive trends in PayPal’s U.S. Branded Checkout YoY growth. The price target remained unchanged at $80.

Portfolio Pulse from Anusuya Lahiri

July 24, 2023 | 3:58 pm

PayPal Holdings, Inc. (NASDAQ:PYPL) has announced the second Venmo Small Business Grant, a program providing financial grants and mentorship for 20 Venmo business profile customers. Each selected business will receive $10,000 for expenses or to help digitize and promote their businesses. The program also provides recipients with access to technical expertise and mentorship in partnership with Start Small Think Big and PayPal and Venmo employees.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 1:13 pm

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