PayPal Holdings, Inc. (PYPL) Offers Upside, but Analysts Aren’t Fully Convinced

Core Insights - PayPal Holdings, Inc. (NASDAQ:PYPL) is considered a cheap stock with mixed analyst ratings, where 37% recommend buying, 52% maintain a neutral stance, and 11% are bearish [1] - The median price target is $75, indicating a potential upside of 25.06%, while the highest and lowest price targets suggest an upside of 75.09% and a downside of 14.96% respectively [1] Analyst Ratings and Price Target Adjustments - Mizuho has reduced its price target for PayPal from $84 to $75 while maintaining an 'Outperform' rating, aligning with consensus estimates [2] - The adjustment is based on macroeconomic data and management commentary from investor conferences [2] Growth Forecasts - PayPal's CFO indicated that Q4 branded checkout growth would be slower than Q3, prompting Mizuho to lower its Q4 branded growth forecast to around 1% from approximately 4% [3] - The guidance for Pay with Venmo growth has also been reduced to 40% YoY from 45% [3] - Mizuho projects transaction margin dollar growth of 2%, down from earlier guidance of 5%, but still within the company's growth range of 2%-5% [3] Company Overview - PayPal is a California-based company that operates a technology platform facilitating digital payments for consumers and merchants, founded in 1998 [4]