Oppenheimer assumed coverage of PayPal with a Perform rating. While PayPal holds a competitive advantage as a two-sided payments network, the firm believes competition and slower e-commerce trends could limit revenue growth and pressure transaction margin, in the near term. That said, in 2024 and 2025, Oppenheimer estimates mid-high single-digits revenue growth, in line with consensus, the analyst tells investors in a research note.
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