PYPL: Competition & Struggles With Margin Expansion Remain Key Focus For New CEO

PayPal's (PYPL) positive stock price reaction is understandable and likely a sigh of relief that a replacement has been found, notes Steve Biggar. He discusses the outlook for payment stocks as Alex Chriss will replace Dan Shulman who plans to retire as PYPL CEO at the end of the year. Chriss has been Executive Vice President and general manager of Intuit's small business and self-employed group since 2019. Steve talks about competition in the payments space and struggles with margin expansion that he believes will remain a key focus for the new CEO. He mentions that Chriss's background should be directly relatable given its small business focus and his experience with integrations. He then goes over payment stocks to watch which include American Express (AXP), Mastercard (MA), Visa (V), and Block (SQ). Argus has a buy rating and $88 price target on PYPL. Tune in to find out more about the stock market today.