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Update: BofA Securities Adjusts PayPal Price Target to $53 From $55, Maintains Neutral Rating

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(Updated to include BofA's commentary)

BofA Securities lowered its price target on PayPal (PYPL) to $53 from $55, following weaker-than-expected quarterly report.

While the Q1 results exceeded expectations, they did little to change the near-term earnings or growth narrative, with both worse-than-expected Q2 guidance and the decision to reiterate full-year guidance reinforcing the absence of a clear operating inflection.

The brokerage reiterated its Neutral rating, viewing sustained execution as the key swing factor for investor confidence.

PayPal has an average rating of Hold and mean price target of $50.15, according to analysts polled by FactSet.

Price: $46.09, Change: $-0.39, Percent Change: -0.84%

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Workiva Q1 Adjusted Earnings, Revenue Rise; Shares Drop After Hours

Workiva (WK) reported Q1 adjusted earnings late Tuesday of $0.77 per diluted share, up from $0.14 a year earlier.Analysts polled by FactSet expected $0.65.Revenue for the three months ended March 31 rose to $247.3 million from $206.3 million a year earlier.Analysts surveyed by FactSet expected $245.2 million.Workiva expects Q2 adjusted EPS of $0.62 to $0.65 on revenue of $250 million to $252 million. Analysts expect EPS of $0.52 on revenue of $252.1 million.The company expects full-year adjusted EPS of $2.85 to $2.95 on revenue of $1.037 billion to $1.041 billion. Analysts expect EPS of $2.71 on revenue of $1.038 billion.Workiva shares fell 4.4% in after-hours trading.

$WK
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SSR Mining Q1 Adjusted Earnings, Revenue Rise; Shares Gain After Hours

SSR Mining (SSRM) reported Q1 adjusted earnings late Tuesday of $1.15 per diluted share, up from $0.41 a year earlier.Analysts polled by FactSet expected $0.84.Revenue in the three months ended March 31 rose to $581.8 million from $316.6 million a year earlier.Four analysts surveyed by FactSet expected $536.4 million.SSR Mining shares rose 8% in after-hours trading.

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Everus Construction Q1 Earnings, Revenue Rise; Shares Gain After Hours

Everus Construction Group (ECG) reported Q1 earnings late Tuesday of $1.14 per diluted share, up from $0.72 a year earlier.Analysts surveyed by FactSet expected $0.81.Revenue for the three months ended March 31 rose to $1.04 billion from $826.6 million a year earlier.Analysts polled by FactSet expected $933.8 million.The company raised full-year revenue guidance to $4.3 billion to $4.4 billion from the prior forecast of $4.1 billion to $4.2 billion.Analysts expect $4.23 billion.Everus shares rose 4.2% in after-hours trading.

$ECG