Truist Upgrades PayPal to Hold, Sets $57 Target
PayPal (PYPL) was upgraded to a Hold by Truist with a $57 price target amid a flurry of analyst Activity including UBS, Daiwa, Mizuho and Piper Sandler lifting or maintaining ratings and targets, underscoring a mixed but constructive view on the stock. The company reported first-quarter results with $1.34 EPS on $8.35 billion in revenue, beating expectations and continuing a trend of solid margins and profitability.