PayPal Stock Downgraded Amid Insider Selling and Lowered Price Targets
PayPal Holdings Inc. faces mounting skepticism as Wall Street Zen downgrades the stock from Buy to Hold, aligning with a cautious analyst consensus of 12 Buys, 27 Holds, and 4 Sells. The average price target now stands at $76.05, a significant retreat from earlier optimism.
Despite beating Q3 expectations with EPS of $1.34 versus $1.20 estimated and revenue of $8.42 billion against $8.21 billion projected, the stock languishes NEAR 12-month lows. Friday's opening at $56.89 hovered just above the $55.85 trough, a far cry from its 52-week high of $93.25.
Analysts at Stephens and Robert W. Baird slashed targets to $65 and $66 respectively, while insiders unloaded 36,156 shares worth $2.43 million over 90 days. The stock now trades below 10 times forward earnings, reflecting growing concerns about PayPal's trajectory in the digital payments space.
