Core Viewpoint - Bank of America downgraded PayPal Holdings' rating from "Buy" to "Neutral" due to delays in the recovery of its core checkout business growth [1] Summary by Categories Rating and Price Target - The target price for PayPal's stock was reduced from $93 to $68 [1] Business Performance - Analysts initially expected product innovation and an upgraded checkout experience to increase the usage rate of the PayPal button during checkout, but growth in the brand's checkout business is anticipated to slow in Q4 [1] - The year 2026 is projected to be a year of increased investment for PayPal [1] Company Strengths - PayPal has over 400 million consumer and merchant accounts, and innovation is accelerating under new management, which are considered positive factors [1] - However, until a clear improvement trend in business is established, the risk and reward are viewed as balanced [1]