PayPal Divides Analysts and Traders as CEO Promises ‘Shock’
- At least four analysts have downgraded the stock this month
- Some traders are anticipating gains ahead of an investor event
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Analysts are throwing in the towel while some investors are positioning for stock gains in PayPal Holdings Inc. ahead of an event Thursday at which the company is expected to showcase its innovations.
At least four analysts have downgraded the stock this month, citing a range of concerns from rising competition to pressure on profitability. Even Citigroup, which has a buy rating on PayPal shares, opened a negative catalyst watch ahead of earnings in February.