PayPal Stock Gets a Rare Downgrade

PayPal (NASDAQ: PYPL) gave investors a quarterly update that suggested profits would be lower in upcoming months.

*Stock prices used were the afternoon prices of Oct. 28, 2024. The video was published on Oct. 30, 2024.

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Parkev Tatevosian, CFA has positions in PayPal. The Motley Fool has positions in and recommends PayPal. The Motley Fool recommends the following options: long January 2027 $42.50 calls on PayPal and short December 2024 $70 calls on PayPal. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.