Morgan Stanley analyst James Faucette lowered the firm’s price target on PayPal (PYPL) to $34 from $50 and keeps an Underweight rating on the shares. The stock is down 20% on a worse than anticipated FY26 outlook and CEO transition, notes the analyst, who adds that the company maintaining its capital return priorities and significant buyback targets even as share loss is accelerating and competitors’ ability to invest is improving underpins the firm’s continued Underweight rating.
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