PayPal Could Offer Long-Term Guidance At Analyst Day

Paypal Holdings Inc PYPL is scheduled to host its first-ever post-spin analyst day in San Jose on Wednesday, and analysts seem bullish ahead of the event. Over the past couple of days, SunTrust reiterated a Buy rating on the stock, same as Jefferies. Credit Suisse maintained an Outperform rating. Last week, BTIG issued a Buy rating and $48 price target on the stock, while Cantor Fitzgerald reiterated a Buy rating and $48 price target.

Unlike his peers, Axiom's Victory Anthony is not as bullish. He issued a Hold rating on the stock, even though he is “Positive” on the analyst day.

The analyst explained that, even though his firm remains “in a holding pattern on the shares entering the Analyst Day,” they do expect management to point out the positives around the company’s competitive position. In fact, the highly competitive landscape is the main element behind the firm’s Neutral rating.

Related Link: 10 Questions For PayPal's First Analyst Day

Anthony also expects management to go into Venmo Monetization, PayPal Credit, Xoom integration, and Paydiant on Wednesday. Finally, Axiom analysts “wouldn’t be surprised if management provided longer-term guidance.”

Shares of PayPal were down 0.6 percent on Tuesday, and 2.62 percent over the past five trading days.