PayPal (PYPL) Appoints Carmine Di Sibio to its Board
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Wolfe on PayPal (PYPL): 'shares are likely to remain range-bound'
July 1, 2024 9:26 AM EDTWolfe Research analyst Darrin Peller reiterated a Peerperform rating on PayPal (NASDAQ: PYPL).
The analyst comments "PYPL shares are down 5.5% YTD versus the S&P up 14.5% and the Wolfe FinTech Index down 1.3%. While we are constructive on the PYPL's initiatives around streamlining its focus, managing expenses, and returning capital to shareholders, we believe shares are likely to remain range-bound near-to-medium term given fears surrounding macro/recession sensitivity, competitive... More
