PayPal Analysts Boost Their Forecasts Following Upbeat Q3 Earnings

Benzinga Earnings10-28

PayPal Holdings Inc. (NASDAQ:PYPL) on Tuesday reported better-than-expected third-quarter earnings, although revenue fell short of Wall Street expectations.

The payments company, which owns Venmo, reported revenue of $8.58 billion, up 2% from a year earlier but below the analyst consensus estimate of $8.71 billion. Adjusted earnings were $1.45 per share, beating expectations of $1.31.

PayPal expects fourth-quarter adjusted earnings of about $1.43 per share, above the analyst consensus estimate of $1.35. The company also raised its full-year 2026 adjusted earnings forecast to about $5.60 per share, up from its previous outlook of about $5.38.

CEO Enrique Lores said, "We are making good progress in our multi-year transformation."

PayPal shares fell 1.2% to $55.41 in pre-market trading.

These analysts made changes to their price targets on PayPal following earnings announcement.

  • B of A Securities analyst Matthew O’Neill maintained the stock with an Underperform rating and raised the price target from $53 to $54.
  • Morgan Stanley analyst James Faucette maintained the stock with an Underweight rating and raised the price target from $45 to $46.
  • Evercore ISI Group analyst Adam Frisch maintained the stock with an In-Line rating and raised the price target from $40 to $45.

Considering buying PYPL stock? Here’s what analysts think:

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