Daiwa downgraded PayPal (PYPL) to Neutral from Outperform with a $61 price target While the company should be able to achieve earnings growth of at least 10% through fiscal 2027, concerns about a decline in PayPal’s market share have strengthened, the analyst tells investors in a research note. The firm thinks the stock’s valuation “will remain at depressed levels” until the company’s growth in total payment volume for branded checkout improves.
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