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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.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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

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