Last year ended on a down note for PayPal (PYPL) stock; over the past 3 months, shares have lost 28% of their value. With 2022 now up and running, investors will be hoping the stock can regain its footing. While RBC’s Daniel Perlin remains in the digital payments giant’s corner, the analyst thinks the company’s outlook necessitates a revision to his PayPal model. “We have better incorporated into our model management’s commentary around the difficult comps expected in FY22, given reserve releases in FY21, which should return to more normalized patterns in FY22,” the 5-star analyst explained. As such, Perlin reduced his FY22 adj. EPS estimate from $5.42 to $5.
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PayPal (NASDAQ:PYPL)
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