UBS reiterated its Neutral rating on PayPal (NASDAQ: PYPL) shares. It maintained a price target of $61.00. The confirmation followed an investor meeting in New York with PayPal's Investor Relations team.
This action occurs as the market digests PayPal's second-quarter financial results. It also follows the recent collapse of acquisition talks with a consortium including Stripe and Advent International.
The Motley Fool highlights the new CEO's turnaround strategy. This strategy focuses on consumer growth, Venmo, and Buy Now, Pay Later (BNPL) services. It also includes a multi-year cost-saving program.
Some analysts lowered price targets, citing reduced acquisition probability. Other analysts see potential in PayPal's ability to modestly grow its core business and improve margins.