The Latest Breaking News from PayPal Holdings Inc

Credit Suisse slashed its price target for PayPal Holdings Inc (NASDAQ:PYPL) to $155 from $190 (55.5% upside) and reiterated Outperform. The re-rating followed model updates and increased levels of uncertainty stemming from multiple factors. Also Read: Read Barclays' Take On Visa, Mastercard, PayPal Amid Present Macro Environment The factors included CFO departure, inflationary pressures on…

Although there were execution issues at PayPal Holdings Inc (NASDAQ: PYPL), the departure of John Rainey as CFO was unexpected and shares declined by 2% in after-hours trading on Tuesday, according to BofA Securities.

PayPal Holdings Inc (NASDAQ: PYPL) is undertaking several growth initiatives that could shape its future, according to BofA Securities. The PayPal Holdings Analyst: Jason Kupferberg maintained a Neutral rating on PayPal Holdings, with an unchanged price target of $118.

Shares of PayPal Holdings Inc (NASDAQ: PYPL) Wednesday fell more than 4%. With this, the stock has shed more than 40% year to date.

Baird analyst Colin Sebastian lowered the price target on PayPal Holdings Inc (NASDAQ:PYPL) to $175 from $205 (51.3% upside) and kept an Outperform rating on the shares.  He believed steady or even accelerating trends concerning merchant integration with digital wallets were a crucial medium and long-term positive for PayPal. However, Sebastian remained cautious near term…

S&P 500 will reclassify the sectors of some significant shares in 2023. Payment processing companies currently classified as tech firms would join the financial industry.  Other tech names providing outsourcing or human resources support would come under industrial stocks. The dominance of tech stocks in the S&P 500 would likely shrink following…

Shares of payments stocks Tuesday climbed, with Mastercard Inc (NYSE: MA) and PayPal Holdings Inc (NASDAQ: PYPL) rising more than 4% each, Visa Inc (NYSE:

Robinhood Markets Inc's (NASDAQ:HOOD) Robinhood Money launched a new debit card to allow spare change investing, Reuters reports. Consumer finance apps like Chime and Acorns Grow Inc allowed spare change investing that lets users invest small amounts of money, which is very popular among younger users. Now Robinhood users could round up their change…

PayPal Holdings Inc (NASDAQ:PYPL) expanded its services to allow Ukrainian citizens and refugees to send and receive funds from overseas from their Ukrainian PayPal Wallet in dollars, Canadian dollars, British pounds, and euros. Reuters reports that over 3 million Ukrainians have fled since Russia launched its invasion on February 24. Ukrainians could transfer funds…