PayPal shares slide as revenue misses expectations
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Goldman Sachs Reiterates Buy Rating on PayPal (PYPL)
October 29, 2024 8:14 AM EDTGoldman Sachs analyst Will Nance reiterated a Buy rating and $79.00 price target on PayPal (NASDAQ: PYPL).
The analyst comments "Bottom line: Results came in ahead of expectations, driven by a higher transaction margin where both transaction revenues and transaction expenses came in below expectations but expenses were down more. Additionally, OVAS increased sequentially and came in higher adding to the beat. Partially offsetting this was higher opex. In terms of guidance, the company flowed through much of the Q3 beat, while implied 4Q... More
