PayPal's stock lands a downgrade as earnings growth gets ‘difficult to envision'

PayPal Holdings Inc.’s latest outlook confirmed that 2024 will be another year of transition, and one analyst is moving to the sidelines on its stock after that commentary. It’s becoming “difficult to envision” growth in earnings per share at PayPal PYPL, -3.03% over the medium and long terms until two developments materialize, according to Daiwa Capital Markets analyst Kazuya Nishimura. He thinks the company will have to show “clear growth” in transaction-margin dollars and demonstrate the benefits of ...