Deutsche Bank says that after resetting expectations for the year and reporting strong Q1 results, PayPal (PYPL) appears to be making progress on the key priorities of CEO Alex Chriss, including reversing branded share loss and improving pricing in the payment service providers business. The analyst expects “further steps in the right direction” in PayPal’s Q2 and believes the company is set up for another solid quarter. The firm sees potential for upside to sales and earnings versus current estimates. It believes PayPal needs to answer questions on how it will gain back share and defend against rising competitors like Apple (AAPL).
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