Truist analyst Andrew Jeffrey lowered the firm’s price target on PayPal to $80 from $90 but keeps a Buy rating on the shares as part of a broader research note on FinTech And Info Services. Monetizing unbranded Braintree and SMB volumes will be challenging and will take longer than reflected in Street models, even though PayPal boasts a leading eCommerce brand, important fast-growing enterprise solutions in Braintree, and over 400M global users, the analyst tells investors in a research note.
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