Truist initiated coverage of PayPal (PYPL) with a Sell rating and $68 price target The firm models the company’s gross profit growth below the Street due mainly to competitive pressure in its branded checkout business from Apple Pay and Shop Pay as well as a lower level of float income as interest rates decline. Truist also worries that PayPal is increasing its lending business at the wrong point in the economic cycle. This creates grow-over risk in 2026, says the firm, which sees better value in other large caps under its coverage.
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