BTIG analyst Andrew Harte has maintained their neutral stance on PYPL stock, giving a Hold rating today.
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Andrew Harte has given his Hold rating due to a combination of factors influencing PayPal Holdings’ stock. The recent partnership with OpenAI to integrate PayPal into ChatGPT has generated positive momentum, contributing to a 12% increase in stock value. However, Harte remains cautious as PayPal is unlikely to have exclusivity within ChatGPT, and other payment methods may also integrate with the platform, potentially limiting PayPal’s growth in this channel.
Despite the positive third-quarter results, which exceeded expectations and included a new dividend announcement, Harte anticipates challenges ahead. The company’s top-line growth is expected to decelerate due to tough comparisons and increased investments. While there is optimism for future growth, particularly in FY27, Harte believes the current valuation and uncertain growth profile justify a Hold rating.