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The Latest Breaking News from PayPal Holdings Inc

Why PayPal Shares Are Falling Today

PayPal Holdings Inc (NASDAQ: PYPL) shares are trading lower by 4.25% at $77.82. Stocks have been highly volatile following the Federal Reserve’s recent 50 basis point rate hike, which has weighed on the Nasdaq heavily.

Benzinga · May 20, 2022

'Long Road Of Rebuilding Begins': PayPal Analysts React To Mixed Q1 Earnings Report

Shares of PayPal Holdings Inc (NASDAQ: PYPL) gained 11% on Thursday after the company reported a revenue beat but cut its 2022 guidance.

Benzinga · Apr 28, 2022

PayPal CEO Wants To Double Down On Digital Wallets, Sees Them As The Future

PayPal Holdings Inc (NASDAQ: PYPL) CEO Daniel Schulman has said there’s a need to “double-down on the digital wallet.”

Benzinga · Apr 28, 2022

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PayPal Q1 Profits In-Line With Street Expectation, FY22 Outlook Lags Street Consensus

PayPal Holdings Inc (NASDAQ:PYPL) reported first-quarter FY22 revenue growth of 8% year-over-year to $6.5 billion, beating the consensus of $6.4 billion. Revenue excluding eBay grew 15% on a spot basis. Adjusted EPS was $0.88 (-28% Y/Y), in line with the consensus of $0.88. Adjusted operating income reduced 20% Y/Y to $1.3 billion,…

Benzinga · Apr 27, 2022

5 Large-Cap Growth Stocks to Sell Now

Concerns over high inflation, supply chain disruptions, and rising COVID-19 cases are expected to keep the stock market volatile for an extended period. While the increased focus on domestic production should help the economy recover, the rate is expected to decelerate. Therefore, large-cap growth stocks Snowflake (SNOW), PayPal (PYPL), DoorDash…

StockNews.com · Apr 21, 2022

PayPal Stock Is Approaching 52-Week Lows: What's Going On?

PayPal Holdings Inc (NASDAQ: PYPL) shares are trading lower Wednesday alongside several stocks in the broader technology sector amid weakness in tech giant Netflix Inc (NASDAQ: NFLX).

Benzinga · Apr 20, 2022

Here's Why Meta Investors Remain Divided Over Board Member Election

A group of shareholders urged Facebook parent Meta Platforms Inc (NASDAQ:FB) shareholders to vote against the re-election of two board members, Marc Andreessen and Peggy Alford. PayPal Holdings Inc's (NASDAQ:PYPL) Peggy Alford joined the Facebook parent's board in 2019, whereas venture capitalist Marc Andreessen has served on the company's board since June 2008, Reuters reports. "We…

Benzinga · Apr 19, 2022

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Here's Why Credit Slashed Its Price Target On PayPal

Credit Suisse slashed its price target for PayPal Holdings Inc (NASDAQ:PYPL) to $155 from $190 (55.5% upside) and reiterated Outperform. The re-rating followed model updates and increased levels of uncertainty stemming from multiple factors. Also Read: Read Barclays' Take On Visa, Mastercard, PayPal Amid Present Macro Environment The factors included CFO departure, inflationary pressures on…

Benzinga · Apr 18, 2022

BofA On PayPal CFO Departure, Company's New Strategy

Although there were execution issues at PayPal Holdings Inc (NASDAQ: PYPL), the departure of John Rainey as CFO was unexpected and shares declined by 2% in after-hours trading on Tuesday, according to BofA Securities.

Benzinga · Apr 13, 2022

Jim Cramer Highlights The Missing Piece In PayPal CFO's Departure

PayPal Holdings Inc (NASDAQ: PYPL) shares were trading lower Wednesday after the company announced the departure of CFO John Rainey.

Benzinga · Apr 13, 2022

Here's Why PayPal Shares Are Falling

PayPal Holdings Inc (NASDAQ: PYPL) shares are trading lower by 3.91% at $104.02 during Wednesday's pre-market session after the company announced the departure of CFO John Rainey.

Benzinga · Apr 13, 2022

Walmart Appoints PayPal CFO John Rainey As Finance Head

Walmart Inc (NYSE:WMT) has appointed John Rainey as its Executive Vice President and Chief Financial Officer (CFO), effective June 6, 2022. Rainey joins the company from PayPal Holdings Inc (NASDAQ:PYPL), where he currently serves as the CFO and EVP, Global Customer Operations. After almost seven years at PayPal, Rainey is leaving the company to join Walmart. He…

Benzinga · Apr 13, 2022

2 Digital Payments Stocks Wall Street Predicts Will Rally More Than 58%

The increasing use of smartphones, growing e-commerce businesses, advancements in mobile payment technology, and developments in secure and safe payment gateways are driving the growth of the digital payment industry. Given the promising growth prospects of the industry, Wall Street analysts expect fundamentally solid digital payments stocks such as PayPal…

StockNews.com · Apr 7, 2022

What Is PayPal 3.0 — And How Does It Affect Investors?

PayPal Holdings Inc (NASDAQ: PYPL) is undertaking several growth initiatives that could shape its future, according to BofA Securities. The PayPal Holdings Analyst: Jason Kupferberg maintained a Neutral rating on PayPal Holdings, with an unchanged price target of $118.

Benzinga · Apr 7, 2022

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Benzinga · Apr 7, 2022

There Could Be More Pain Ahead For PayPal

Shares of PayPal Holdings Inc (NASDAQ: PYPL) Wednesday fell more than 4%. With this, the stock has shed more than 40% year to date.

Benzinga · Apr 1, 2022

Here's Why Baird Slashed PayPal's Price Target By 15%

Baird analyst Colin Sebastian lowered the price target on PayPal Holdings Inc (NASDAQ:PYPL) to $175 from $205 (51.3% upside) and kept an Outperform rating on the shares. He believed steady or even accelerating trends concerning merchant integration with digital wallets were a crucial medium and long-term positive for PayPal. However, Sebastian remained cautious near term…

Benzinga · Apr 1, 2022

S&P 500 Sector Re-shuffling Likely To End Tech Dominance

S&P 500 will reclassify the sectors of some significant shares in 2023. Payment processing companies currently classified as tech firms would join the financial industry. Other tech names providing outsourcing or human resources support would come under industrial stocks. The dominance of tech stocks in the S&P 500 would likely shrink following…

Benzinga · Mar 30, 2022

Payments Stocks Spike, This One May Have More Runway Left

Shares of payments stocks Tuesday climbed, with Mastercard Inc (NYSE: MA) and PayPal Holdings Inc (NASDAQ: PYPL) rising more than 4% each, Visa Inc (NYSE:

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Benzinga · Mar 22, 2022

Robinhood Fires Up Rivalry With PayPal and Other Fintech With Latest Launch

Robinhood Markets Inc's (NASDAQ:HOOD) Robinhood Money launched a new debit card to allow spare change investing, Reuters reports. Consumer finance apps like Chime and Acorns Grow Inc allowed spare change investing that lets users invest small amounts of money, which is very popular among younger users. Now Robinhood users could round up their change…

Benzinga · Mar 18, 2022

PayPal Extends Service In Ukraine

PayPal Holdings Inc (NASDAQ:PYPL) expanded its services to allow Ukrainian citizens and refugees to send and receive funds from overseas from their Ukrainian PayPal Wallet in dollars, Canadian dollars, British pounds, and euros. Reuters reports that over 3 million Ukrainians have fled since Russia launched its invasion on February 24. Ukrainians could transfer funds…

Asharq Al-Awsat · Mar 18, 2022

PayPal Expands Payments Services to Help Ukrainian Citizens, Refugees

PayPal Holdings Inc on Thursday expanded its services to allow Ukrainian citizens and refugees to receive payments from overseas, a move a senior Ukrainian official called a huge help as Russian forces continued to attack the country. PayPal Chief Executive Dan Schulman told Deputy Prime Minister Mykhailo Fedorov in a…

Benzinga · Mar 1, 2022

Why PayPal, Micron And Qualcomm Shares Are Falling Today

Shares of several companies in the broader technology sector, including Paypal Holdings Inc (NASDAQ: PYPL), Micron Technology, Inc. (NASDAQ: MU

Benzinga · Feb 3, 2022

Cathie Wood Sells $21M In PayPal Amid Stock Crash — Loads Up Heavily In This Fintech Rival

Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc (NASDAQ: PYPL) after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival Block I

Benzinga · Feb 2, 2022

PayPal Shuts 4.5M Accounts: All You Need To Know

PayPal Holdings Inc (NASDAQ: PYPL) closed 4.5 million accounts and lowered its forecast for new customers after finding "bad actors" were exploiting its incentives and rewards programs,

Benzinga · Feb 2, 2022

Jim Cramer Says PayPal Has Lost All Credibility Following Q4 Results: 'It's A Disgrace'

PayPal Holdings Inc (NASDAQ: PYPL) is plummeting Wednesday after the company reported mixed financial results and issued weak guidance, but Jim Cramer thinks there is a larger underlying issue chasing buyers away from the stock.

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