Speaker 1: PayPal shares are currently trading around sixty nine dollars and
Speaker 1: eighty cents as of the close on October twenty fourth,
Speaker 1: twenty twenty five, remaining largely steady over the past month,
Speaker 1: while the broader financial sector has seen a slight decline
Speaker 1: in share prices. Recent trading volumes have hovered near eight
Speaker 1: million shares per day, which is consistent with the typical
Speaker 1: average for PayPal's volume, indicating neither unusually high nor low
Speaker 1: activity leading into this period. The company is set to
Speaker 1: report third quarter earnings on Tuesday, October twenty eighth, before
Speaker 1: the market opens. Analyst consensus forecasts revenue to land near
Speaker 1: eight billion, two hundred million United States dollars for the quarter,
Speaker 1: representing roughly five percent year on year growth. Expected adjusted
Speaker 1: earnings per share is one dollar and twenty cents. Their
Speaker 1: is keen interest as the options market currently sees a
Speaker 1: possible price move of nearly nine percent in either direction
Speaker 1: following the report, showing heightened anticipation for the results across
Speaker 1: major analyst updates. Wells Fargo recently initiated coverage with an
Speaker 1: equal weight rating and a price target of seventy four
Speaker 1: United States dollars. The overall consensus from Wall Street analysts
Speaker 1: is to hold PayPal stock, with an average price target
Speaker 1: spanning eighty to eighty one United States dollars, suggesting some
Speaker 1: upside potential from current levels. TIP Rank's artificial intelligence analyst
Speaker 1: also remains bullish, highlighting PayPal's ongoing strategic push in its
Speaker 1: digital payment business, including growth in offering such as Venmo
Speaker 1: and buy now Pay Later solutions. Among recent news headlines,
Speaker 1: Jim Kramer commented that PayPal needs to start delivering stronger
Speaker 1: numbers to regain investor confidence. While PayPal achieved stronger than
Speaker 1: expected revenue last quarter, it has missed revenue expectations two
Speaker 1: times in the past two years. Investors are watching closely
Speaker 1: to see whether operational improvements and new business initiatives will
Speaker 1: help PayPal reverse its longer term trends, as the stock
Speaker 1: price has fallen over fourteen percent in the last twelve
Speaker 1: months and is down eighteen percent year to date. Looking ahead,
Speaker 1: analysts and forecasting platforms predict modest gains for the stock
Speaker 1: through the end of the year, potentially rising above seventy
Speaker 1: three United States dollars in November and seventy four United
Speaker 1: States dollars in December. Future forecasts for the next several
Speaker 1: years suggest more robust appreciation, with some estimates showing possible
Speaker 1: double digit percentage increases by twenty twenty seven. His PayPal
Speaker 1: sustains innovation and delivers on growth