PayPal Likely To Post Rise In Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

PayPal Holdings, Inc. PYPL is expected to report its second quarter financial results, after the closing bell on Aug. 2, 2023.

Analysts expect the company to post quarterly earnings at $1.16 per share, up from a year-ago earnings of 93 cents per share. The company’s revenue might come in at $7.27 billion.

PayPal shares fell 0.4% to close at $75.53 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Piper Sandler analyst Kevin Barker maintained a Neutral rating and cut the price target from $83 to $80 on July 6, 2023. This analyst has an accuracy rate of 74%.
• Truist Securities analyst Andrew Jeffrey maintained a Buy rating and slashed the price target from $90 to $80 on June 23, 2023. This analyst has an accuracy rate of 75%.
• Deutsche Bank analyst Bryan Keane reiterated a Buy rating and cut the price target from $100 to $80 on June 9, 2023. This analyst has an accuracy rate of 71%.
• Citigroup analyst Ashwin Shirvaikar maintained a Buy rating and boosted the price target from $102 to $103 on May 9, 2023. This analyst has an accuracy rate of 75%.
• BMO Capital analyst James Fotheringham maintained an Outperform rating and cut the price target from $117 to $108 on Feb. 13, 2023. This analyst has an accuracy rate of 75%.

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