Mizuho Downgrades PayPal to Neutral Due to Competitive Threats from X
Mizuho downgraded PayPal (PYPL) to Neutral from Outperform, citing increased competition from X in peer-to-peer payments and social commerce checkout, which threatens Venmo and PayPal's merchant relationships. The downgrade comes amid a 16% year-to-date decline in PYPL stock and ongoing legal challenges, raising concerns about PayPal's turnaround story.
Tickers: $PYPL
Topics: Analyst Downgrade Mizuho PayPal Stock Performance Venmo X