Goldman Sachs analyst Will Nance has maintained their neutral stance on PYPL stock, giving a Hold rating today.
Will Nance has given his Hold rating due to a combination of factors related to PayPal’s recent performance and strategic outlook. Despite presenting a comprehensive plan at their investor day to enhance customer experience and streamline operations, PayPal’s stock has not yet shown significant improvement. The market remains cautious, particularly regarding the company’s ability to reverse the trend of share loss in its branded checkout segment.
While PayPal’s management has set ambitious growth targets, the market appears to be adopting a ‘wait and see’ approach, reflecting skepticism about the company’s execution of its strategies. Although there is potential for a stock rebound, concerns about continued share loss and potential multiple compression persist. As a result, the Hold rating reflects a balanced view, acknowledging both the potential upside and the risks associated with PayPal’s current market position.
In another report released today, TD Cowen also maintained a Hold rating on the stock with a $83.00 price target.