PayPal: Mizuho still a buyer
(CercleFinance.com) - Mizuho Americas maintains its "buy" rating on PayPal shares, along with its $92 target price, suggesting that investors should take advantage of any weakness in the stock, which has underperformed the Nasdaq by around 25 points since its quarterly results on 8 May.
"Management blamed the transaction margin weakness on mix shift towards higher-growth but less-profitable Braintree," the broker said in its comments on the payment solutions group.
While investors remain concerned that price compression is also in play, Mizuho itself believes that "worries about broad-based discounts & pricing compression are largely overblown".
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"Management blamed the transaction margin weakness on mix shift towards higher-growth but less-profitable Braintree," the broker said in its comments on the payment solutions group.
While investors remain concerned that price compression is also in play, Mizuho itself believes that "worries about broad-based discounts & pricing compression are largely overblown".
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.