The Fly

PayPal price target lowered to $85 from $99 at Oppenheimer

Oppenheimer analyst Dominick Gabriele lowered the firm’s price target on PayPal to $85 from $99 and keeps an Outperform rating on the shares. The firm expects spending slowdown to persist until Q1 2024 where consensus thinks it will largely reaccelerate in Q2 2023.

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