{"id":45055,"date":"2023-08-06T04:45:06","date_gmt":"2023-08-06T08:45:06","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/evercore-cuts-paypal-to-in-line-on-margin-pressure\/"},"modified":"2023-08-06T04:45:07","modified_gmt":"2023-08-06T08:45:07","slug":"evercore-cuts-paypal-to-in-line-on-margin-pressure","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=45055","title":{"rendered":"Evercore cuts PayPal to ‘in line’ on margin pressure"},"content":{"rendered":"
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\u00a9 Reuters Evercore cuts PayPal (PYPL) to In Line on margin pressure<\/span>
\n<\/i>\n<\/div>\n

Evercore ISI downgraded PayPal (NASDAQ:) to an In Line rating (from Outperform) and cut their 12-month price target on the stock to $65.00 (from $85.00) based on a 2024 target price-to-earnings (PE) ratio of 12, down from 15.<\/p>\n

The financial tech and payments company released their 2Q earnings earlier this week, reporting $1.16 in adjusted EPS, in-line with consensus expectations. The company\u2019s total revenue increased 7% to $7.287 billion, largely matching Consensus.<\/p>\n

However, intensifying competition, combined with nearly 300 basis points of transaction margin pressure has resulted in growing challenges for revenue and earnings growth. Analysts point out that in the absence of a well-defined strategy for achieving year-over-year transaction margin expansion, the company’s potential for outperforming earnings is constrained.<\/p>\n

They wrote in a note, \u201cThe recent 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. 2H\/23 and 2024 operating margin leverage from non-transaction operating expense reductions will likely be limited.\u201d<\/p>\n

Management avoided providing 3Q23 operating margin guidance but expects some year-over-year contraction followed by expansion in 4Q23.<\/p>\n

Shares of PYPL are down 1.18% in afternoon trading on Friday.<\/p>\n<\/div>\n

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

\u00a9 Reuters Evercore cuts PayPal (PYPL) to In Line on margin pressure Evercore ISI downgraded PayPal (NASDAQ:) to an In Line rating (from Outperform) and cut their 12-month price target on the stock to $65.00 (from $85.00) based on a 2024 target price-to-earnings (PE) ratio of 12, down from 15. The financial tech and payments […]<\/p>\n","protected":false},"author":1,"featured_media":45056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-45055","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nEvercore cuts PayPal to 'in line' on margin pressure | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters Evercore cuts PayPal (PYPL) to In Line on margin pressure Evercore ISI downgraded PayPal (NASDAQ:) to an In Line rating (from Outperform) and\" \/>\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=45055\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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