JPMorgan lowered the firm’s price target on PayPal to $75 from $80 and keeps an Overweight rating on the shares ahead of the Q4 report on February 7. The analyst feels “relatively comfortable” with Q4 estimates and expects “all eyes” to be on management’s strategic framework and fiscal 2024 outlook. The firm continues to see a positive risk/reward given new leadership but says patience will likely be required before underlying trends improve.
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