Even as macroeconomic concerns continue to weigh on broader market sentiment, e-commerce growth appears to be trending better than expected to start the year, Deutsche Bank analyst Bryan Keane the analyst tells investors in a research note. As a result, the firm expects upside to PayPal’s Q1 estimates. However, the most important debate surrounding the stock remains whether or not PayPal is losing market share, says the firm. It expects PayPal will raise the low end of revenue growth expectations for fiscal 2023 from 5% to 7% and its earnings guidance to increase to 20% year-over-year growth from 18%. Deutsche increased estimates and keeps a Buy rating on PayPal with a $100 price target.
Published first on TheFly
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