Monness Crespi lowered the firm’s price target on PayPal to $95 from $100 and keeps a Buy rating on the shares. The firm, which is “touching up estimates” ahead of the company’s Q4 report, notes that its views are in line with the Street at net revenue of $7.91B, EBITDA of $2.11B and EPS of $1.36. The firm expects “a relatively clean/inline 4Q23 print” as concerns and data highlighting branded share loss are baked into estimates, the analyst tells investors in a preview note.
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