PYPL
PayPal’s still got people talking
PayPal kicked off the week with a solid Q2: revenue came in at $8.68 billion, ahead of estimates, and adjusted EPS landed at $1.38 versus the $1.28 analysts were expecting. For a company that’s spent a while trying to convince Wall Street it still has some juice left, that’s a pretty useful reminder that the engine hasn’t stalled.
The analysts showed up with bigger calculators
Then came the follow-through: a bunch of analysts nudged their price targets higher. Baird kept its Neutral rating and raised its target to $57, Barclays moved to $57, KBW stayed Outperform and bumped its target to $70, Mizuho lifted to $60, Macquarie to $62, and BMO to $56. Translation: nobody’s exactly declaring PayPal the next rocket ship, but the mood is definitely less gloomy than it was before earnings.
Why investors should care
This matters because PayPal is still in the middle of the “prove it” phase. Management also nudged up its full-year 2026 adjusted EPS outlook to about $5.38 per share, which gives the turnaround story a little more credibility. And when analysts start lifting targets after a beat-and-raise-ish print, that can help support the stock — or at least keep the bears from taking over the entire group chat.
The catch
There’s still a little smoke in the room: the company expects third-quarter adjusted earnings to fall by a low-single-digit percentage, and the old takeover chatter from Advent and Stripe is still hanging around like an awkward dinner guest. So yes, the quarter was better. But PayPal still has to keep delivering if it wants the market to stop treating it like a legacy tech relic.
Big picture: PayPal is slowly convincing Wall Street that the turnaround story is real — but investors are still waiting for the part where the stock starts acting like it believes it too.