Tag: RBC Capital

  • PayPal May Have Finally Bottomed Out

    PayPal May Have Finally Bottomed Out

    The pullback in PayPal may be overdone, we noted on November 9. We also noted: With the pullback from $304.08 becoming overkill, keep an eye on the stock. Even the pile-on of lowered price targets is overdone. Citi lowered its target to $300 from $350 RBC Capital lowered its target to $298 from $322 Baird…

  • The Pullback in PayPal May be Overdone

    The Pullback in PayPal May be Overdone

    Keep an eye on the PayPal pullback. After racing from a low of $87 in early 2020 to a high of $309.48, the stock fell to a recent low of $204.58.  All thanks to its consumer spending concerns, and poor 2022 guidance.  For example, the company said fiscal 2022 revenue would increase about 18%, which…