After PayPal posted a 17-minute video that outlined six key technology initiatives being introduced by new CEO Alex Chriss, William Blair analyst Christopher Kennedy noted that Chriss “characterized the initiatives as the largest upgrade to the platform over the last decade.” While it is hard to know how quickly these initiatives can impact the company’s financials, the firm believes that new leadership is focused on “profitable growth,” pointing also to the sale of Happy Returns and the CEO’s comments that the company has made too many acquisitions in the past. The firm maintains an Outperform rating on PayPal shares.
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