Investing
Citi places PayPal on ‘negative catalyst watch’
© Reuters Citi places PayPal (PYPL) on ‘negative catalyst watch’
PayPal (NASDAQ:) was placed on a 30-day downside catalyst watch at Citi by analysts, in a short note on Wednesday.
The investment bank pointed to the company’s upcoming results as the potential catalyst, based on two factors.
The first factor is the fact that Citi continues to have a view that getting back to gross profit transaction dollar growth is a longer process than expected.
“Further, one of the potential fixes could be to exit less profitable contracts, resulting in weaker TPV growth and we model this as well,” said the bank. “It’s a necessary change but one that could be interpreted negatively by investors.”
The second factor is Citi feeling that the company’s new management might opt to not provide a full year outlook given the current level of uncertainty and how early they are in their tenures.
“This could be construed as a negative surprise,” wrote the analysts.
Read the full article here
-
Side Hustles6 days ago
3 Steps You Can’t Miss When Growing Your Business
-
Make Money6 days ago
Here’s the Typical American’s Income at Every Age. How Do You Compare?
-
Investing6 days ago
Germany stocks lower at close of trade; DAX down 0.65% By Investing.com
-
Investing6 days ago
How I Transformed My Business by Letting Go of Low-Value Tasks
-
Side Hustles4 days ago
How Your Body Language Can Help Win a Disagreement
-
Passive Income4 days ago
Are You Running Your Business, or Is Your Business Running You?
-
Side Hustles5 days ago
How to Develop Empowered Leaders Within Your Own Team
-
Passive Income6 days ago
CVS Is Laying Off Thousands in Cost Cutting Initiative