Bryan Bergin, an analyst from TD Cowen, maintained the Hold rating on PayPal Holdings. The associated price target is $80.00.
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Bryan Bergin’s rating is based on a combination of factors, including PayPal’s recent performance and strategic initiatives. The company reported strong third-quarter results, with revenue, total payment volume, and earnings per share exceeding expectations. However, there are concerns about the slowdown in branded online checkout growth and the potential impact of macroeconomic weaknesses in the US and Europe on future performance.
Despite these challenges, PayPal’s strategic moves, such as its partnership with OpenAI and the introduction of agentic capabilities, have generated optimism in the market. Additionally, the initiation of a dividend is seen as a positive step in capital allocation. While PayPal is making progress in key growth areas like Venmo, buy now pay later, and omnichannel solutions, the uncertainty surrounding its long-term growth targets and the mixed fourth-quarter guidance contribute to the Hold rating.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PYPL in relation to earlier this year.