DA Davidson analyst Christopher Brendler lowered the firm’s price target on PayPal to $110 from $120 but keeps a Buy rating on the shares. The company’s Q3 results were a "step back" following an encouraging performance in Q2 as several key underlying metrics deteriorated, the analyst tells investors in a research note. Brendler adds however that PayPal has "made real progress" on expenses and "credit looks great", with buy-now-pay-later business outperforming.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on PYPL:
