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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