PayPal price target lowered to $82 from $85 at Piper Sandler

Piper Sandler analyst Kevin Barker lowered the firm’s price target on PayPal to $82 from $85 and keeps a Neutral rating on the shares post the Q4 results. The company "made some notable adjustments this quarter whereby there was a strong focus on improving operating through the combination of expense cuts and pushing to increase customer engagement," the analyst tells investors in a research note. Piper is encouraged to see margins on a path higher despite slower revenue growth than past years, but believes the stock is close to fairly valued at current levels.