PayPal Holdings Inc PYPL shares are trading marginally lower by 0.75% to $63.70 Friday morning. Evercore ISI Group analyst David Togut on Friday downgraded the company from Outperform to In-Line and lowered the price target from $85 to $65.
The stock has also fallen some 15% over the trailing five sessions after the company reported a sequential decline in active accounts and second-quarter earnings.
What Happened With Earnings?
PayPal reported quarterly earnings of $1.16 per share, beating the analyst consensus estimate of $1.05 by 10.48% and representing a 24.73% increase over earnings of 93 cents per share from the same period last year.
The company's quarterly sales were $6.81 billion, exceeding the analyst consensus estimate of $6.59 billion by 3.28%, and remained consistent with the same period last year...Read More
According to data from Benzinga Pro, PayPal has a 52-week high of $103.03 and a 52-week low of $58.95.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
