Shares of PayPal (NASDAQ: PYPL) were decidedly positive on Monday, jumping as much as 4%. In the wake of PayPal's financial results, two of Wall Street's finest weighed in on the quarter, and their takes were surprisingly bullish. DA Davidson analyst Christopher Brendler lowered his price target on PayPal to $110 from $120 while simultaneously maintaining a buy rating on the shares. Read More...
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Why Sea Limited Stock Was Climbing Today
Shares of Sea Limited (NYSE: SE) were gaining today after the Southeast Asian gaming and e-commerce company got an analyst upgrade. In a note this morning, JPMorgan Chase analyst Ranjan Sharma lifted his rating on Sea from neutral to outperform and forecast “swift improvement” in its profitability. In its guidance back in August, management indicated it would try to stem its losses, saying, “In our efforts to adapt to increasing macro uncertainties, we are proactively shifting our strategies to further focus on efficiency and optimization for the long-term strength and profitability of the e-commerce business.”
