PayPal price target raised to $90 from $85 at Oppenheimer

Oppenheimer analyst Dominick Gabriele raised the firm’s price target on PayPal to $90 from $85 and keeps an Outperform rating on the shares. CEO Dan Schulman announced his retirement at the end of 2023, and the company’s FY23 EPS guidance "feels like a cautious outlook" that is beatable among payment peers, the analyst tells investors in a research note.