Piper Sandler lowered the firm’s price target on PayPal (PYPL) to $76 from $85 and keeps a Neutral rating on the shares following the company’s Investor Day. The firm says the price target decrease is due to multiple revision to reflect peer group compression. During PayPal’s presentation at its Investor Day, management maintained its FY25 guidance that was provided on its Q4 earnings call, and also laid the foundation for FY27 and beyond, by initiating longer-term financial targets.
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