![]() Sofi Technologies stock is affected by various factors like Morgan Stanley downgrading the stock to underweight and lowering its price target to $6.50 citing the valuation, concerns, and regulatory risks. It has a 52-week high of $10.23 and a 52-week low of $4.24. He notes that PayPal ( PYPL) management's macro comments contrast with bullish outlook expressed by Visa (NYSE: V) and Mastercard (NYSE: MA).It has a market cap of $8.54 Billion and an average volume of 59.73 Million shares. "We think the market is still too bullish on long-term organic revenue growth, despite recent underperformance," he said in an note, and advises that investors look to traditional payment networks. ![]() Truist analyst Andrew Jeffrey cuts his price target on PayPal ( PYPL) to $130 from $200 and reiterate his Hold rating. He sees the stock's ~24x Evercore's revised 2023 EPS estimate as "an attractive valuation given a longer-term EPS growth rate of +20%." Togut maintains his Outperform rating on the stock and it remains his Top Payments Pick for 2022. "Supply chain management problems, inflationary pressure on spending by low-income customers, and ongoing, steep declines in eBay (NASDAQ: EBAY) volumes created stiff headwinds exiting 4Q/21 that will persist at least through 1H/22, driving 1Q/ guidance well below consensus," he wrote. Oddo BHF analyst Martin Marandon-Carlhian reduces his rating to Neutral from Outperform, sets price target at $200.Įvercore ISI analyst David Togut slashes PayPal ( PYPL) price target to $245 from $342. ![]() Raymond James analyst John Davis cuts his rating on the stock to Market Perform from Outperform. "In addition, we no longer believe that the 750M medium-term account aspiration we set last year is appropriate." "We are evolving our customer acquisition and engagement strategy, and we now expect to add 15M to 20M net new customer accounts this year," said John Rainey, PayPal ( PYPL)CFO and VP, Global Customer Operations, during the company's earnings call. But shorter term issues limiting growth include management's shift of increasing user engagement rather than spend on marketing to attract new customers and external factors including inflation hurting consumer spending and supply chain disruptions hurting its small-business merchants. He's still constructive on the long-term perspective for its payments platform and "super app" that it's been building. "As such, we now view PYPL as a 'show me' story as the company would need to demonstrate that it is still capable of sustaining revenue growth north of 20% on a normalized basis before we would be comfortable assigning it the kind of premium multiple that would indicate significant upside from current trading levels," Palmer wrote in a note to clients. PayPal Holdings (NASDAQ: PYPL) stock drops 17% in premarket trading after at least three analysts downgrade the stock on the payment tech firm's weak guidance and several others trim their price targets for the stock.īTIG analyst Mark Palmer cuts PayPal ( PYPL ) to Neutral from Buy and removes his $270 price target after the company's soft 2022 guidance and shift in customer acquisition strategy raises questions about its near term prospects.
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