After several challenging quarters, PayPal is a Buy because near-term estimates have bottomed and further cost reductions could fuel earnings growth, Raymond James analyst John Davis said on Wednesday. PayPal (ticker: PYPL) was one of the pandemic-loved stocks as online shopping surged but shares have slid about 50% this year after e-commerce trends moderated and analysts made significant revisions to estimates in what could be called the postpandemic world. Now at least two analysts have upgraded their ratings on the stock in under a month. Read More...
After several challenging quarters, PayPal is a Buy because near-term estimates have bottomed and further cost reductions could fuel earnings growth, Raymond James analyst John Davis said on Wednesday. PayPal (ticker: PYPL) was one of the pandemic-loved stocks as online shopping surged but shares have slid about 50% this year after e-commerce trends moderated and analysts made significant revisions to estimates in what could be called the postpandemic world. Now at least two analysts have upgraded their ratings on the stock in under a month.
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