PayPal price target raised to $90 from $85 at BTIG

BTIG analyst Lance Jessurun raised the firm’s price target on PayPal to $90 from $85 and keeps a Buy rating on the shares as part of a broader research note on Fintech. The analyst states that given the gradually improving backdrop with inflation moderating and employment stable, the firm sees “largely consistent” results across the board. BTIG adds that investors will look to management commentary surrounding the broader macro environment, including but not limited to credit quality, payment trends, discretionary spend, deposit trends, and student loan forbearance impacts.