HomeBusinessConsumer Services Industry & Stock NewsPayPal’s (PYPL) Multiple Will Not Expand Meaningfully In Near-Term

PayPal’s (PYPL) Multiple Will Not Expand Meaningfully In Near-Term

Oppenheimer does not think that PayPal’s (PYPL) multiple will expand meaningfully in the near-term. PayPal was downgraded to perform from outperform at Oppenheimer. The analyst notes that the recent stock rally brings the company’s valuation more in line with its improving e-commerce volumes. Renita Young discusses this story, and Rick Ducat goes over technical trends, as well as other information to watch in PayPal’s chart. Tune in to find out more about the stock market today.

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04 Jan 2024

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