Speaker 1: PayPal Holdings has seen a notable dip in its stock
Speaker 1: price recently. As of Thursday, November twenty one, PayPal shares
Speaker 1: closed around fifty eight United States dollars and eleven cents,
Speaker 1: declining more than three per cent on the day. This
Speaker 1: drop followed heavier than usual trading volume, which surged compared
Speaker 1: to the average, indicating heightened investor activity and possibly some
Speaker 1: anxiety in the market. The stock is now trading far
Speaker 1: below its key moving averages for fifty days and two
Speaker 1: hundred days, which were about sixty eight and seventy United
Speaker 1: States dollars, respectively, suggesting a bearish short term momentum. The
Speaker 1: recent earnings release in late October brought a modest positive surprise,
Speaker 1: showing earnings per share of one United States dollar and
Speaker 1: thirty four cents versus an expected one United States dollar
Speaker 1: and twenty cents. Quarterly revenue was eight billion, four hundred
Speaker 1: twenty million United States dollars and climbed about seven per
Speaker 1: cent year over year, a solid pay but perhaps not
Speaker 1: enough to reinvigorate investor enthusiasm. PayPal's outlook for the full
Speaker 1: year forecasts earnings per share between five United States dollars
Speaker 1: and thirty five cents and five dollars and thirty nine cents,
Speaker 1: reinforcing expectations for study if unspectacular profitability. On the analyst front,
Speaker 1: there has been an active period of updates, though the
Speaker 1: overall tone is cautious. Argus raised its price target to
Speaker 1: eighty seven United States dollars and gave PayPal a by rating,
Speaker 1: while Dortsche Bank set its target at seventy five United
Speaker 1: States dollars. Other analysts such as Robert W. Baird and T. D.
Speaker 1: Cowen bumped their targets. They'll most still recommend holding rather
Speaker 1: than buying aggressively. The average analyst price target sets near
Speaker 1: eighty two United States dollars. McCrory has expressed the most optimism,
Speaker 1: lifting its target to one hundred United States dollars. However,
Speaker 1: there is divergence with some downgrades too, such as Goldman
Speaker 1: Sachs shifting to a cell with a seven United States
Speaker 1: dollars target. One unique development is that institutional investors continue
Speaker 1: to adjust their positions. A noteworthy transaction is Norge's Bank
Speaker 1: acquiring nearly one billion United States dollars worth of PayPal
Speaker 1: shares this year, while other asset managers slightly increase their holdings,
Speaker 1: suggesting some confidence in longer term prospects. Looking ahead, forecasts
Speaker 1: predict a choppy period for PayPal stock in the coming months,
Speaker 1: with analysts bracing for further volatility as the company navigates
Speaker 1: competitive pressures and digital payments, and concerns about future growth
Speaker 1: in its core check out business. Despite a recent rough patch,
Speaker 1: PayPal remains a widely followed name in technology finance, and
Speaker 1: many market watchers see potential for a rebound if the
Speaker 1: company executes well in the coming quarters.