Bernstein raised the firm’s price target on PayPal (PYPL) to $94 from $90 and keeps a Market Perform rating on the shares. The firm says PayPal is a catalyst-rich battleground stock in 2025. The stock path, however, is uncertain in 2025 due to the push/pull dynamics around intense competitive pressures on the cash-cow branded business on one hand, and tailwinds from buybacks/opex cuts, OVAS, new strong management team, incrementalism on the other hand.
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