PayPal (PYPL) Stock Dips on Mizuho Downgrade

Shares of digital payments specialist PayPal (NASDAQ:PYPL) suffered a conspicuous hit on Tuesday amid rising skepticism over its core business. Specifically, Mizuho analysts downgraded PYPL stock to “neutral” from “buy,” citing stiff competition in the buy now, pay later (BNPL) space. However, the relatively de-risked profile of PayPal compared to prior levels could attract bargain hunters.According to Seeking Alpha, Mizuho raised warnings about the payment technology firm facing major competitive obstacles ...