Barclays raised the firm’s price target on PayPal to $92 from $85 and keeps an Overweight rating on the shares. The firm is adjusting its model to reflect the company’s guidance, consensus expectations, and the management commentary, including slightly modestly lower branded and Braintree volume growth expectations for the second half of 2024, the analyst tells investors in a research note. Barclays is also boosting its assumed expected forward earnings multiple to 19-times from 18-times.
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