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Freedom Broker Cuts PayPal to Hold as Branded Checkout Stalls

The broker lowered its price target to $63 from $72. PayPal shares were down 0.15% at $58.69 in Tuesday afternoon trading on Nov. 3 (ET).

By Enna Lee
Published
A smartphone shows a paused, textless online checkout / TokenPost.ai
A smartphone shows a paused, textless online checkout / TokenPost.ai

Freedom Broker moved its rating on PayPal to Hold from Buy after branded checkout stalled in the third quarter. The broker lowered its price target to $63 from $72.

PayPal beat estimates for third-quarter earnings per share and raised its guidance. Shares were down 0.15% at $58.69 in Tuesday afternoon trading on Nov. 3 (ET).

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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