The future market is not optimistic. Citigroup has listed PayPal on its 30-day negative catalyst watchlist.

Zhitong
2024.01.25 03:18
portai
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Citigroup has added PayPal to its 30-day negative catalyst watchlist, believing that the company's recovery in gross transaction volume will take longer than expected. Ashwin Shirvaikar, an analyst at Citigroup, wrote in a note to clients, "Exiting low-margin contracts is one potential way to address this situation, which would result in slower growth in total payment volume. Investors may interpret this change as a negative performance, but it is a necessary step." He believes that given the current uncertainty, the new management team may choose not to provide full-year guidance, which could be seen as another negative surprise. It is reported that the catalyst watchlist will expire on February 24th. PayPal's stock price fell 2.72% in Wednesday's trading. Seeking Alpha rates PayPal as "neutral" in its quantitative rating, while the average rating from platform analysts and Wall Street is "buy".