Skip to main content

Market Overview

Why PayPal Shares Are Falling Today

Why PayPal Shares Are Falling Today

PayPal Holdings Inc (NASDAQ: PYPL) is trading lower Tuesday after the company announced worse-than-expected third-quarter revenue results and issued guidance below estimates. 

PayPal reported quarterly earnings of $1.11 per share, which beat the estimate of $1.07 per share. The company reported quarterly revenue of $6.18 billion, which came in below the estimate of $6.23 billion.

PayPal expects fourth-quarter adjusted earnings to be about $1.12 per share versus the estimate of $1.27 per share. The company expects fourth-quarter revenue to be in a range of $6.85 billion to $6.95 billion versus the estimate of $7.24 billion.

"The strength of PayPal’s two-sided platform and ubiquity in our core markets has set us up to grow at scale, expand our work with existing merchants and attract new partners," said Dan Schulman, president and CEO of PayPal.

Analyst Assessment: Multiple analyst firms lowered price targets on the stock following PayPal's financial results:

  • Keybanc analyst Josh Beck maintained PayPal with an Overweight rating and lowered the price target from $335 to $325.
  • Oppenheimer analyst Rick Schafer maintained PayPal with an Outperform rating and lowered the price target from $329 to $268.
  • RBC Capital analyst Daniel Perlin maintained PayPal with an Outperform rating and lowered the price target from $322 to $298.

See Also: Tesla Remains Top-Discussed Stock On WallStreetBets; AMD, PayPal And These Are Other Top Trends Today

PYPL Price Action: PayPal has traded as high as $310.16 and as low as $178.60 over a 52-week period.

The stock was down 5.76% at $216.20 at time of publication.

Photo: courtesy of PayPal.

Latest Ratings for PYPL

Jan 2022BarclaysMaintainsOverweight
Jan 2022Morgan StanleyMaintainsOverweight
Jan 2022KeybancMaintainsOverweight

View More Analyst Ratings for PYPL
View the Latest Analyst Ratings


Related Articles (PYPL)

View Comments and Join the Discussion!

Posted-In: Dan Schulman why it's movingEarnings News Guidance Price Target Analyst Ratings

Latest Ratings

NFLXJP MorganMaintains605.0
NFLXPiper SandlerMaintains562.0
NFLXPivotal ResearchMaintains550.0
CAREPiper SandlerInitiates Coverage On17.0
AUGXMaxim GroupInitiates Coverage On6.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at