fintech / news / / Benzinga
PayPal posted first-quarter revenue of $8.353 billion, up 7% from a year earlier.
PayPal's Q1 revenue of $8.353 billion beat analyst expectations by over $300 million.
KEY POINTS
- Bank of America Securities lowered PayPal’s price target from $55 to $53 despite earnings beat.
- Majority of cost savings outlined by management will be reinvested, not boosting short-term earnings.
- Branded checkout growth remained modest and is expected near the low end of long-term targets.
- 2026 and 2027 PayPal earnings per share estimates were slightly raised despite investor skepticism.
COMPANIES
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