PayPal (NASDAQ:PYPL – Get Free Report) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.030-1.070 for the period, compared to the consensus estimate of 1.070. The company issued revenue guidance of -. PayPal also updated its FY 2024 guidance to 3.920-3.960 EPS.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. The Goldman Sachs Group boosted their target price on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Wednesday. Argus upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets boosted their target price on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. Seventeen analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.03.
Check Out Our Latest Report on PayPal
PayPal Stock Performance
PayPal (NASDAQ:PYPL – Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.12. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. PayPal’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 EPS. As a group, sell-side analysts predict that PayPal will post 4.44 earnings per share for the current year.
About PayPal
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.
Recommended Stories
- Five stocks we like better than PayPal
- Top Biotech Stocks: Exploring Innovation Opportunities
- Microsoft Can Hit New All-Time Highs This Year – Here’s Why
- How to Effectively Use the MarketBeat Ratings Screener
- Zillow Stock’s Bull Case: Why This Recent Sell-Off Could Be a Buy
- How to Calculate Retirement Income: MarketBeat’s Calculator
- IonQ’s Quantum Surge: Ride the Wave or Cash Out?
Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.