What's Going On With PayPal Stock Today?

PayPal Holdings Inc PYPL shares are trading lower Tuesday despite reporting better-than-expected quarterly results. Analysts are moving in opposite directions following the print. 

• Q1 Revenue: $7.04 billion beat estimates of $6.22 billion
• Q1 EPS: $1.17 beat estimates of 98 cents

PayPal said revenue jumped 9% year-over-year. Total payment volume increased 10% to $354.5 billion. Payment transactions were up 13% to $5.8 billion. Total active accounts grow 1% to 433 million.

"We’re working hard to continually improve our already popular checkout and digital wallet experiences, and it is beginning to pay off. We are confident in our momentum and are raising our full-year EPS guidance as a result,"said Dan Schulman, CEO of PayPal.

PayPal raised its full-year earnings guidance to approximately $4.95 per share versus estimates of $4.36 per share. The company expects second-quarter earnings to be between $1.15 per share and $1.17 per share versus estimates of $1.04 per share. 

Check This Out: PayPal Holdings Q1 Earnings Highlights: Revenue And EPS Beat, Guidance Raise And More

Analyst Assessment:

• Canaccord Genuity analyst Joseph Vafi reiterated PayPal with a Buy and maintained $160 price target.
• Citigroup analyst Ashwin Shirvaikar maintained PayPal with a Buy and raised the price target from $102 to $103.
• JMP Securities analyst David Scharf maintained PayPal with an Outperform and lowered the price target from $100 to $85.
• Truist Securities analyst Andrew Jeffrey maintained PayPal with a Hold and lowered the price target from $95 to $90.
• Credit Suisse analyst Timothy Chiodo downgraded PayPal from Outperform to Neutral and lowered the price target from $100 to $85.

PYPL Price Action: PayPal shares were down 7.2% at $70.08 at time of publication, according to Benzinga Pro.

Photo: courtesy of PayPal.