PayPal slides after downbeat annual forecast, CEO change
ReutersFeb 3, 2026 12:15 PM
Payments firm PayPal's PYPL.O shares slide 10% to $47.08 premarket
PYPL expects full-year adjusted profit to decline in the low-single digit percentage to increase slightly, compared with Wall Street expectations of about 8% growth, according to data compiled by LSEG
Separately, PYPL announces HP CEO Enrique Lores as its new top boss, succeeding Alex Chriss
"While some progress has been made in a number of areas over the last two years, the pace of change and execution was not in line with the board's expectations," PYPL says
15 of 44 brokerages rate the stock "buy" or higher, 24 "hold" and five "sell" or lower; median PT $69 - LSEG data
As of last close, PYPL stock down 10.4% YTD
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Tesla Stock Outlook: Competing With Rivian, Robotaxi Potential, and 2026 Prospects
There is much conversation about the prospect of investing in Tesla (TSLA) as we move closer to 2026. The volatility of its share price in 2025 is leading many investors to consider if they should purchase shares of Tesla given the alternatives available in terms of electric vehicles (Rivian, etc.).TradingKey
9 hours ago
Why Sanae Takaichi Winning Japan’s Diet Election Led to a Surge in Japanese Stock Indices？
TradingKey - Reports indicate that the ruling coalition led by Japanese Prime Minister Sanae Takaichi has secured a single-party majority in the parliamentary elections held on Sunday (February 8). Following the news, the yen weakened slightly, while the Nikkei Index surpassed 57,000 for the first tTradingKey
10 hours ago
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.TradingKey
Fri, Feb 6
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 marketTradingKey
Wed, Feb 4
