PayPal price target raised to $97 from $95 at Wells Fargo

Wells Fargo analyst Jeff Cantwell raised the firm’s price target on PayPal to $97 from $95 and keeps an Overweight rating on the shares. The company’s quarterly results were a "mixed bag," but the firm is positive coming out of the print, the analyst tells investors in a research note. Wells Fargo sees a robust 2023 EPS guide that also embeds a conservative outlook for 2023 revenue, the firm says.