Jumat Nov 3 2023 13:53
3 min
Online payments firm PayPal added close to $4 billion to its market value on Thursday following its commitment to streamline operations and turn “leaner” — even after it disclosed a subpoena from the U.S. Securities and Exchange Commission (SEC) related to its stablecoin.
On Thursday, the company's shares closed nearly 7% higher at $55.06. Investors also welcomed a strong full-year profit projection, which alleviated concerns about a potential reduction in spending.
PayPal's new CEO, Alex Chriss, said the company’s “cost base remains too high”, adding that PayPal would direct resources to its “most profitable growth priorities”. Chriss took the helm at the San Jose-based firm at the end of September.
The optimistic forecast reflected consumers' financial resilience, enabling them to maintain their spending habits even as the economic climate in the U.S. remains uncertain.
Hitung P/L hipotetis Anda (harga dan biaya gabungan) jika Anda membuka perdagangan hari ini.
Pasar
Instrumen
Tipe Akun
Arah
Kuantitas
Jumlah harus sama atau lebih tinggi dari
Jumlah harus kurang dari
Jumlah harus merupakan kelipatan dari kenaikan lot minimum ()
USD
EUR
GBP
CAD
AUD
CHF
ZAR
MXN
JPY
Nilai
Komisi
Spread
Leverage
Biaya Konversi
Margin yang Diperlukan
Overnight Swap
Kinerja masa lalu bukanlah indikator yang dapat diandalkan untuk hasil masa depan.
Semua posisi pada instrumen dalam mata uang yang berbeda dengan mata uang akun Anda, juga akan dikenakan biaya konversi pada saat keluarnya posisi.
In recent quarters, PayPal has been grappling with its transaction margins, which have seen some strain due to shifts in the company's business mix.
However, the storyline emerging from the company's third-quarter report seems more focused – at least in the near future. While PayPal continues to address margin issues, analysts appeared to be hooked by the message conveyed by Alex Chriss.
In a comment to Reuters correspondent Niket Nishant on Thursday, J.P. Morgan analyst Tien-tsin Huang said PayPal’s new CEO hit all the right notes in his recent message:
“Chriss struck the right note and articulated well the challenges facing the company and described a sound framework for improving growth and profitability.”
In a note to clients cited by MarketWatch, Baird analyst Colin Sebastian wrote:
“PayPal’s Q3 results were a bit better than expected (mix still an issue), but the highlight was an early taste of new CEO Alex Chriss and what he has in store: faster product development, narrower focus on profitable growth, and operating cost reductions.”
He added that Chriss “appears ready to rock the boat, having already identified operating leverage opportunities, along with strong belief in key strategic goals include reinvesting in the customer experience at checkout, improving and scaling [PayPal Complete Payments for small- and medium-sized businesses], and driving margin expansion in [Braintree] and other products.”
Sebastian’s PayPal stock forecast featured an Outperform rating with a $84 target price, according to the publication. “Despite plentiful risks, we think sentiment is near bottoming out,” he wrote.
Wells Fargo analyst Andrew Bauch was more measured in his PayPal stock forecast:
“Overall, we believe refreshed messaging will lift the multiple enough to offset potential negative estimate revisions near term,” he said in a note cited by MarketWatch on Thursday. “That said, upside potential to shares is a question that we believe will take multiple quarters to solve, particularly after another set of mediocre results.”
Bauch recently began covering PayPal shares with an equal-weight rating and $55 target price.
In premarket trading on Friday, PayPal stock rose 0.64% to $55.41 , as per MarketWatch data. The company’s shares have gained over 9.2% over the past week, but remain close to 22.7% down year-to-date.
Risk Warning and Disclaimer: This article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform. Trading Contracts for Difference (CFDs) involves high leverage and significant risks. Before making any trading decisions, we recommend consulting a professional financial advisor to assess your financial situation and risk tolerance. Any trading decisions based on this article are at your own risk.
Terkini
Lihat semuaJumat, 12 September 2025
3 min
Jumat, 12 September 2025
2 min
Kamis, 11 September 2025
2 min
Jumat, 12 September 2025
Indices
Market Review: Dollar Fluctuations, Gold Surges, and Interest Rate Adjustments
Jumat, 12 September 2025
Indices
US Consumer Confidence Plunges in September Amid Rising Inflation Fears
ID
