PayPal Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

PayPal Holdings, Inc. PYPL is expected to release financial results for its third quarter, after the closing bell on Nov. 1, 2023.

Analysts expect the company to post quarterly earnings at $1.16 per share, up from year-ago earnings of $1.08 per share. The company’s revenue might come in at $6.96 billion, compared to $6.85 billion in the year-ago period.

UPS UPS recently entered into an agreement to acquire Happy Returns from PayPal.

PayPal shares gained 1.5% to close at $51.80 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.

• Truist Securities analyst Andrew Jeffrey maintained a Buy rating and cut the price target from $85 to $70 on Oct. 17, 2023. This analyst has an accuracy rate of 64%.
• Jefferies analyst Trevor Williams maintained a Hold rating and cut the price target from $65 to $60 on Oct. 9, 2023. This analyst has an accuracy rate of 62%.
• Piper Sandler analyst Kevin Barker maintained a Neutral rating and cut the price target from $77 to $67 on Sept. 29, 2023. This analyst has an accuracy rate of 75%.
• JP Morgan analyst Tien-Tsin Huang maintained an Overweight rating and raised the price target from $90 to $100 on Aug. 22, 2023. This analyst has an accuracy rate of 64%.
• Morgan Stanley analyst James Faucette maintained an Overweight rating and cut the price target from $133 to $126 on Aug. 3, 2023. This analyst has an accuracy rate of 66%.

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