'Well, it's complicated': PayPal shares fall 9% on flat profit outlook

William Blair Out Positive on PayPal (PYPL): 'we believe long-term opportunities remain substantial'

February 8, 2024 7:03 AM EST

William Blair analyst Cristopher Kennedy reiterated an Outperform rating on PayPal (NASDAQ: PYPL)

The analyst comments "While the turnaround will likely take time, we believe long-term opportunities remain substantial as the company has evolved from a traditional checkout button to a robust platform of... More

PayPal tumbles as flat profit growth forecast in 2024 clouds strategy shift

February 8, 2024 5:24 AM EST

By Manya Saini and Mehnaz Yasmin

(Reuters) -PayPal shares fell 9% in early trading on Thursday after it forecast a flat adjusted profit for 2024, disappointing investors who had hoped the payments firm's newly appointed CEO will reignite its growth.

On a post-earnings call, CEO Alex Chriss laid out a strategic plan to turn the company leaner in its pursuit towards profitable growth as well as ease pressure on its shares, which were one of the worst performers on the Nasdaq 100 Index in 2023.

Wall Street analysts said the outlook will weigh on shares in the near term but... More

PayPal (PYPL) PT Lowered to $70 at JPMorgan

February 8, 2024 4:44 AM EST

JPMorgan analyst Tien-tsin Huang lowered the price target on PayPal (NASDAQ: PYPL) to $70.00 (from $75.00) while maintaining a Overweight rating.... More

PayPal (PYPL) PT Lowered to $62 at Morgan Stanley

February 8, 2024 4:41 AM EST

Morgan Stanley analyst James Faucette lowered the price target on PayPal (NASDAQ: PYPL) to $62.00 (from $66.00) while maintaining a Equalweight rating.... More

PayPal (PYPL) PT Lowered to $56 at Evercore ISI

February 8, 2024 4:31 AM EST

Evercore ISI analyst David Togut lowered the price target on PayPal (NASDAQ: PYPL) to $56.00 (from $65.00) while maintaining a In Line rating.... More

PayPal (PYPL) PT Lowered to $73 at Citi

February 8, 2024 4:16 AM EST

Citi analyst Ashwin Shirvaikar lowered the price target on PayPal (NASDAQ: PYPL) to $73.00 (from $76.00) while maintaining a Buy rating.... More

Mizuho Quick Take on PayPal (PYPL) EPS: 'We expect a negative stock reaction'

February 7, 2024 4:30 PM EST

Mizuho Securities analyst Dan Dolev reiterated a Neutral rating and $65.00 price target on PayPal (NASDAQ: PYPL)

The analyst comments "4Q Quick Take: Surprisingly Solid 4Q Revenue, but Disappointing FY EPS Guide PYPL just reported 4Q results, which were marked by deceleration in... More

PayPal (PYPL) Tops Q4 EPS by 12c, Offers Guiance

February 7, 2024 4:17 PM EST

PayPal (NASDAQ: PYPL) reported Q4 EPS of $1.48, $0.12 better than the analyst estimate of $1.36. Revenue for the quarter came in at $8 billion versus the consensus estimate of $7.88 billion.

GUIDANCE:

PayPal sees FY2024 EPS of $5.10, versus the consensus of $5.10.

For earnings history and earnings-related data on PayPal (PYPL) click here.

... More

PayPal (PYPL) PT Raised to $68 at HSBC, 'All eyes on Q4 2023'

February 6, 2024 8:20 AM EST

HSBC analyst Saul Martinez raised the price target on PayPal (NASDAQ: PYPL) to $68.00 (from $66.00) while maintaining a Buy rating.

The analyst commented: "We think CEO Alex Chriss and CFO Jamie Miller (first earnings call) are under pressure to show how PayPal will leverage its platform to drive commercial success and greater consumer engagement, along with improved financial results, particularly an inflection in... More