Rothschild & Co Redburn downgraded PayPal (PYPL) to Sell from Neutral with a price target of $50, down from $70. PayPal should be well positioned for agentic commerce given its scale, but its advantage will erode as consumer behavior shifts, the analyst tells investors in a research note. The firm says the “marginal consumer” is increasingly choosing alternative payment methods. It sees Shop Pay, Stripe Link, Apple Pay and Google Pay as “winning the incremental user.”
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PYPL:
- Mixed options sentiment in PayPal with shares down 2.08%
- Target upgraded, Stryker downgraded: Wall Street’s top analyst calls
- PayPal-Backed Mesh Connect Achieves Billion-Dollar Unicorn Status in Latest Funding Surge
- Cantor starts PayPal at Neutral, says competitive pressures remain ‘intense’
- PayPal initiated with a Neutral at Cantor Fitzgerald