PayPal (PYPL) Price Target Reduced Amid Digital Payments Sector Challenges
Piper Sandler analyst Bill Carcache lowered PayPal's price target to $42 from $46 while maintaining a Neutral rating, citing challenges in the digital payments industry such as slower network volume growth and pressure on monetization. The firm also noted that sector-wide valuation compression has outpaced changes in earnings expectations.
Tickers: $PYPL
Topics: Corporate Restructuring Digital Payments Stock Coverage Change