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Street View: All eyes on PayPal's new CEO for turnaround strategy

ReutersFeb 4, 2026 10:05 AM

PayPal PYPL.O announced on Tuesday that HP's Enrique Lores would replace current CEO Alex Chriss, who was brought in to steer the payments firm through slowing growth and heightened competition

Co simultaneously issued a lackluster profit forecast for 2026

Median PT of 44 brokerages covering the stock is $56.50 - LSEG-compiled data

CHRISS OUT, LORES IN

J.P. Morgan ("neutral," PT: $46) sees Lores' appointment as a "creative decision" given his role in turning around legacy assets at HP (including leading the split of HP in 2015)

TD Cowen ("hold," PT: $48) believes Lores' position on PayPal's board, before his appointment as CEO, will ensure smooth transition and continuity in PYPL's strategic priorities and 2026 operating plan

Morningstar (fair value: $80) says Lores' experience managing a tech company and familiarity with PayPal's workings could boost growth in a shorter timeline

Canaccord Genuity ("hold," PT: $42) sees platform consolidation and wallet-driven checkout reshaping consumer behavior; "the checkout with PayPal button is under pressure," Canaccord analysts say

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