Weekly Recap | Paypal -2.26%, consensus target above spot
Weekly Review·
- PayPal stock fell 2.26 % to close at 53.72 USD this week, underperforming the S&P 500 index which dropped 0.8 %.
- The company advanced stablecoin initiatives through PYUSDx, targeted 1.5 billion USD in cost savings, and faced setbacks regarding acquisition rumors.
- Forty-three institutions maintained a consensus hold rating with an average target price of 57.07 USD, while differing on future valuation space.