PayPal guidance generally above expectations over MT, says Wolfe Research

PayPal (PYPL) reaffirmed its 2025 guidance calling for 5%+ gross profit growth and 6%-10% adjusted EPS, and reaffirmed its intention to grow operating expenses at less than half the rate of GP growth, Wolfe Research tells investors in a research note. The firm believes the low-teens+ EPS growth expectation by 2027, branded commentary on acceleration to 8%-10%, and long-term aspirations of 20%+ for EPS growth are generally above expectations over the medium-term. The firm has an Outperform rating and $97 price target on PayPal shares.