![]() I am of the view that PayPal has two key catalysts worth watching out for in 2023. In the next section, I touch on potential catalysts which could possibly change Wall Street's perception of PayPal in a positive way. In the same time frame, the median analyst target price for PayPal was cut by -62% from $273.50 to $104.50 based on S&P Capital IQ data. PYPL's consensus sell-side analyst rating has declined from 4.36 (with 1 equivalent to a Strong Sell, and 5 representing a Strong Buy) as of the end of the prior year to 4.11 now. The analysts believe that PayPal isn't as attractive an investment candidate as it was a year ago, and their beliefs about PYPL are incorporated into the stock's investment ratings and price targets. Investors should watch out for the potential of PYPL reporting above-expectations earnings, and the realization of other key catalysts such as market share gains. I continue to assign a Buy rating to PayPal, as I see PYPL's shares outperforming in 2023. In this latest write-up, my focus is on PayPal's outlook in the coming year. I reviewed PayPal's Q2 2022 financial performance and assessed PYPL's share price recovery potential with my earlier Augupdate for the company. Its revenue rose 9% on an FX-neutral basis to $7.4 billion.I maintain a Buy investment rating for PayPal Holdings' ( NASDAQ: PYPL) shares. 31, beating analyst estimates of $1.20 per share. PayPal earned a profit of $1.24 per share on an adjusted basis in the fourth quarter ended Dec. Analysts on average had expected $4.75 per share, according to Refinitiv IBES data. PayPal said it expects full-year adjusted profit of roughly $4.87 on a per share basis. Last week, PayPal said it will lay off 7% of its workforce, or about 2,000 employees. Shares in PayPal have lost about 66% of their value since 2021, through the stock’s last close. Schulman joined PayPal in 2014 to lead the company, after its separation from eBay the following year.ĭan’s had notable success in growing PayPal materially over the years, however the change may remove an overhang for some investors given recent/post-pandemic volatility,” Wolfe Research analyst Darrin Peller said in a note. GRAPHIC: Total Payment Vols (TPV) come off pandemic highs – Davidson analyst Chris Brendler told Reuters. “They don’t want to call out a revenue number at this point because of the macro uncertainty, they don’t want to put themselves in a box,” D.A. In a divergence from prior quarters, PayPal said it will not provide a forecast for full-year revenue growth. Shares in the payments heavyweight fell 1% in extended trading after results. ![]() Inflationary pressures have affected discretionary consumer spending and post-COVID spending patterns are still evolving,” acting finance chief Gabrielle Rabinovitch said in a call with analysts. The rate of e-commerce growth in our core markets has decelerated. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. This will not incur any additional charges to you. ![]() When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. Please seek Professional advice from a qualified professional before making any financial decisions. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. This is not to be considered as financial advice and should be considered only for information purposes. These commissioned articles are commercial in nature. ![]() The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. ![]()
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