{"id":44711,"date":"2023-08-05T02:13:06","date_gmt":"2023-08-05T06:13:06","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/paypals-stock-extends-declines-as-one-bull-jumps-ship\/"},"modified":"2023-08-05T02:13:08","modified_gmt":"2023-08-05T06:13:08","slug":"paypals-stock-extends-declines-as-one-bull-jumps-ship","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=44711","title":{"rendered":"PayPal\u2019s stock extends declines as one bull jumps ship"},"content":{"rendered":"
\n

PayPal Holdings Inc. is showing momentum with efforts to modernize its platform, but the company faces too many challenges for Evercore ISI analyst David Togut to feel confident about its stock. <\/p>\n

He downgraded PayPal shares
\n PYPL,
\n -2.23%<\/bg-quote>
\n to in-line from outperform late Thursday, a day after the company showed continued pressure on transaction margins in its second-quarter earnings report. <\/p>\n

\n

See more<\/strong>: PayPal takes some steps forward, but here\u2019s what\u2019s holding the stock back<\/p>\n

\u201cThe likely continued rapid growth of low-take-rate and transaction-margin Braintree should sustain negative year-over-year transaction-margin pressure,\u201d Togut wrote. Plus, the \u201crecent emergence of growing credit losses on PYPL\u2019s business loan book raises the possibility of another increase in loan-loss reserves over the next year.\u201d<\/p>\n

While PayPal shares opened higher Friday, they were recently off 0.8%, following a 12.3% plunge sustained in Thursday\u2019s session. The stock was on track to extend its losing streak to a fourth trading day.<\/p>\n

In Togut\u2019s view, the company lacks \u201ca clear path\u201d to expansion of its transaction margins on a year-over-year basis, meaning there\u2019s \u201climited scope for earnings outperformance even as branded PayPal wallet volume growth accelerated for the months of June\u2026and July.\u201d<\/p>\n

He cut his price target to $65 from $85 in his latest report.<\/p>\n

Togut also worries about competition in the market, writing that \u201cwith Apple Pay becoming more prevalent at online checkout, while offering 1-click checkout, consumers have more alternative ways to pay versus PayPal.\u201d<\/p>\n

Chief Executive Dan Schulman told MarketWatch Wednesday that he expected PayPal\u2019s branded checkout business to grow at or above the rate of overall e-commerce growth going forward.<\/p>\n

Don\u2019t miss<\/strong>: Block boosts earnings forecast, but its stock is dropping<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

PayPal Holdings Inc. is showing momentum with efforts to modernize its platform, but the company faces too many challenges for Evercore ISI analyst David Togut to feel confident about its stock. He downgraded PayPal shares PYPL, -2.23% to in-line from outperform late Thursday, a day after the company showed continued pressure on transaction margins in […]<\/p>\n","protected":false},"author":1,"featured_media":44712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-44711","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nPayPal\u2019s stock extends declines as one bull jumps ship | iFintechWorld<\/title>\n<meta name=\"description\" content=\"PayPal Holdings Inc. is showing momentum with efforts to modernize its platform, but the company faces too many challenges for Evercore ISI analyst David\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=44711\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PayPal\u2019s stock extends declines as one bull jumps ship | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"PayPal Holdings Inc. is showing momentum with efforts to modernize its platform, but the company faces too many challenges for Evercore ISI analyst David\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=44711\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-05T06:13:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-05T06:13:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/08\/1691215987_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=44711#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=44711\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"PayPal\u2019s stock extends declines as one bull jumps ship\",\"datePublished\":\"2023-08-05T06:13:06+00:00\",\"dateModified\":\"2023-08-05T06:13:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=44711\"},\"wordCount\":294,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=44711#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=44711\",\"url\":\"https:\/\/ifintechworld.com\/?p=44711\",\"name\":\"PayPal\u2019s stock extends declines as one bull jumps ship | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-08-05T06:13:06+00:00\",\"dateModified\":\"2023-08-05T06:13:08+00:00\",\"description\":\"PayPal Holdings Inc. is showing momentum with efforts to modernize its platform, but the company faces too many challenges for Evercore ISI analyst David\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=44711#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=44711\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=44711#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PayPal\u2019s stock extends declines as one bull jumps ship\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"PayPal\u2019s stock extends declines as one bull jumps ship | iFintechWorld","description":"PayPal Holdings Inc. is showing momentum with efforts to modernize its platform, but the company faces too many challenges for Evercore ISI analyst David","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=44711","og_locale":"en_US","og_type":"article","og_title":"PayPal\u2019s stock extends declines as one bull jumps ship | iFintechWorld","og_description":"PayPal Holdings Inc. is showing momentum with efforts to modernize its platform, but the company faces too many challenges for Evercore ISI analyst David","og_url":"https:\/\/ifintechworld.com\/?p=44711","og_site_name":"iFintechWorld","article_published_time":"2023-08-05T06:13:06+00:00","article_modified_time":"2023-08-05T06:13:08+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/08\/1691215987_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=44711#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=44711"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"PayPal\u2019s stock extends declines as one bull jumps ship","datePublished":"2023-08-05T06:13:06+00:00","dateModified":"2023-08-05T06:13:08+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=44711"},"wordCount":294,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=44711#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=44711","url":"https:\/\/ifintechworld.com\/?p=44711","name":"PayPal\u2019s stock extends declines as one bull jumps ship | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-08-05T06:13:06+00:00","dateModified":"2023-08-05T06:13:08+00:00","description":"PayPal Holdings Inc. is showing momentum with efforts to modernize its platform, but the company faces too many challenges for Evercore ISI analyst David","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=44711#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=44711"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=44711#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"PayPal\u2019s stock extends declines as one bull jumps ship"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/44711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44711"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/44711\/revisions"}],"predecessor-version":[{"id":44713,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/44711\/revisions\/44713"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/44712"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}