Susquehanna lowered the firm’s price target on PayPal (PYPL) to $94 from $101 and keeps a Positive rating on the shares. The firm said the company is mostly a take- rate-driven model that benefits when prices rise. But the company skews heavily to discretionary verticals so it will likely face related pressures should consumer purchasing power decrease and as a result, Susquehanna adjusted its model to account for macro dynamics.
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