On January 16, Charles Nabhan from Stephens reiterated a Hold rating on PayPal Holdings, Inc. (NASDAQ:PYPL) and lowered the price target from $75 to $65. The day before, on January 15, Raymond James also maintained a Hold rating on the stock without disclosing a specific price target.
Raymond James analysts stated they are adjusting estimates as the company approaches its fiscal Q4 2025 earnings release. The firm highlighted that it is lowering Branded Total Payment Volume growth estimates by 300 basis points to 2% for the quarter. This adjustment is based on management comments indicating that Branded growth is expected to slow in Q4.
Raymond James expects this slower low single-digit growth to persist for the first half of 2026, attributing the trend to macroeconomic pressures and slower adoption of new products.
Stephens expressed continued caution regarding PayPal. The firm noted that 2025 was a challenging year for the fintech sector. However, Stephens sees an improvement in investor sentiment for the sector and anticipates better returns during 2026.
PayPal Holdings, Inc. operates a technology platform that enables digital payments for merchants and consumers.