PayPal: Competition Is Fierce, but Are Fears Overdone?
26 November 2021 - 04:11AM
TipRanks
PayPal Holdings (PYPL) stock has reversed viciously in recent
months, now down around 40% from its July peak. With the latest
analyst downgrade by Bernstein, who sees the firm being on the
receiving end of increasing competition, more salt has been rubbed
in the wounds of the fintech giant. Despite the Bernstein
downgrade, most analysts remain incredibly bullish on the stock,
with a consensus price target just north of $276, implying around
47% upside from current levels. I am neutral on the stock.
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PayPal (NASDAQ:PYPL)
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