Freedom Broker Downgrades PayPal to Hold Following Stalled Branded Checkout Growth
Freedom Broker has downgraded PayPal (PYPL) from Buy to Hold, lowering its price target from $72.00 to $63.00. Despite the downgrade, the company reported third-quarter earnings per share that exceeded analyst estimates and provided raised guidance for future performance. The decision to downgrade stems primarily from concerns regarding stalled growth in PayPal's branded checkout segment. While core profitability metrics remain strong, investors are closely monitoring the deceleration in this key driver of transaction volume.
Tickers: $PYPL
Topics: analyst downgrade earnings report price target change