Speaker 1: This is Your PayPal Daily News podcast. As of today,
Speaker 1: PayPal stock price is around sixty eight dollars and nineteen
Speaker 1: cents per share, following a slight increase of zero point
Speaker 1: three per cent on the previous day. The trading volume
Speaker 1: was notably lower, with approximately three million, one hundred four thousand,
Speaker 1: five hundred eighty one shares traded, which is a significant
Speaker 1: decline of seventy four percent from the average daily volume
Speaker 1: of twelve million, one hundred seventy two thousand, thirty eight shares. Recently,
Speaker 1: there have been several updates from analysts regarding PayPal stock.
Speaker 1: Citygroup reiterated an outperform rating, while Morgan Stanley increased its
Speaker 1: target price from seventy nine dollars to eighty dollars, maintaining
Speaker 1: an equal weight rating. Keith breetten Woods also raised their
Speaker 1: target price from ninety two dollars to one hundred four
Speaker 1: dollars with an outperform rating. Additionally, Wolf Research upgraded PayPal
Speaker 1: from a peer perform to an out perform rating with
Speaker 1: a target price of one hundred seven dollars. Bank of
Speaker 1: America upgraded the stock from neutral to buy and increased
Speaker 1: its target price from eighty six dollars to one hundred
Speaker 1: three dollars. PayPal's recent quarterly earnings report showed a revenue
Speaker 1: increase of four point two per cent year over year,
Speaker 1: with earnings per share of one dollar and nineteen cents,
Speaker 1: beating analysts expectations. The company's market capitalization is approximately sixty
Speaker 1: seven billion, eight hundred twenty million dollars, with a price
Speaker 1: to earnings ratio of seventeen point one. In terms of
Speaker 1: other relevant news, PayPal continues to operate as a major
Speaker 1: player in the digital payments sector, connecting merchants and consumers
Speaker 1: worldwide through its platform. Despite fluctuations in stock price, PayPal
Speaker 1: remains a significant force in the financial technology industry. And
Speaker 1: that is it for today. Hit the subscribe button and
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