PayPal adjusted margin forecast cut eclipses higher profit expectations
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Credit Suisse Downgrades PayPal (PYPL) to Neutral
May 9, 2023 8:25 AM EDTCredit Suisse analyst Timothy Chiodo downgraded PayPal (NASDAQ: PYPL) from Outperform to Neutral with a price target of $85.00 (from $100.00).
The analyst comments "FY 2023 revenue & EPS higher, driven by Braintree strength and further cost reductions: PayPal delivered a ~200bps acceleration in Branded Checkout growth in Q1 relative to Q4 levels, which would suggest at least stable trends vs. industry data points (e.g., Shopify GMV... More
Mizuho on PayPal (PYPL) Post Earnings: 'lowering the operating margin expansion outlook..may rain on the parade'
May 8, 2023 4:38 PM EDTMizuho Securities analyst Dan Dolev reiterated a Buy rating and $92.00 price target on PayPal (NASDAQ: PYPL)
The analyst comments "PYPL just reported 1Q results. Following a difficult 4Q, 1Q should be a sigh of relief with results exceeding expectations... More
