** Piper Sandler assumes coverage of Paypal with "neutral" rating
** Brokerage says management team is focused on shifting PYPL to full-fledged commerce platform
** Expects co's revenue growth to be 6.5% in FY24 and 6.1% in FY25
** Piper Sandler sets PT at $88, a ~3.7% upside on stock's previous close
** 23 of 48 brokerages rate stock "buy" or higher, 25 "hold"; their median PT is $89.5 - LSEG data
** As of last close, stock up ~38.1% YTD
(Reporting by Prakhar Srivastava in Bengaluru)
((Prakhar.srivastava2@thomsonreuters.com))
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