- Mizuho analyst Dan Dolev reiterated Buy on PayPal Holdings, Inc (NASDAQ:PYPL) with a $105.00 price target.
- For analysis, Dolev used web traffic data at 15 of PYPL’s largest e-commerce checkout partners, including Etsy, Inc (NASDAQ:ETSY), Nike, Inc (NYSE:NKE), and Home Depot, Inc (NYSE:HD).
- Dolev’s analysis shows that following a decline in 2021 that lasted through 1H22, PYPL’s share of outgoing traffic from this select group of prominent merchants has been stable in recent months.
- While PYPL competes with Apple Pay in mobile and desktop checkout, it is most vulnerable in mobile and iPhone, in Dolev’s view.
- PYPL is most vulnerable to Apple Inc (NASDAQ:AAPL) Apple Pay checkout on the iPhone.
- Share loss to Apple Pay has been haunting the stock in 2022.
- While this is only one perspective, Dolev believes it could help improve sentiment.
- The price target reflects its 2024E EPS estimate, a discount to Visa Inc (NYSE: V) & Mastercard Inc (NYSE: MA), given recent challenges.
- Price Action: PYPL shares traded higher by 4.57% at $77.99 on the last check Wednesday.
Kalera Q2 EPS $(3.92)
Net loss of $78.7 million, or a loss of $3.92 per diluted share, which included a one-time non-cash expense for goodwill impairment of $64.3 million, the change in fair value for the contingent
