![]() ![]() I am of the view that PayPal has two key catalysts worth watching out for in 2023. In the next section, I touch on potential catalysts which could possibly change Wall Street's perception of PayPal in a positive way. In the same time frame, the median analyst target price for PayPal was cut by -62% from $273.50 to $104.50 based on S&P Capital IQ data. PYPL's consensus sell-side analyst rating has declined from 4.36 (with 1 equivalent to a Strong Sell, and 5 representing a Strong Buy) as of the end of the prior year to 4.11 now. The analysts believe that PayPal isn't as attractive an investment candidate as it was a year ago, and their beliefs about PYPL are incorporated into the stock's investment ratings and price targets. Investors should watch out for the potential of PYPL reporting above-expectations earnings, and the realization of other key catalysts such as market share gains. I continue to assign a Buy rating to PayPal, as I see PYPL's shares outperforming in 2023. In this latest write-up, my focus is on PayPal's outlook in the coming year. I reviewed PayPal's Q2 2022 financial performance and assessed PYPL's share price recovery potential with my earlier Augupdate for the company. I maintain a Buy investment rating for PayPal Holdings' ( NASDAQ: PYPL) shares. ![]()
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