The future market is not optimistic. Citigroup has listed PayPal on its 30-day negative catalyst watchlist.
Citigroup has added PayPal to its 30-day negative catalyst watchlist, believing that the company's recovery in gross transaction volume will take longer than expected. Ashwin Shirvaikar, an analyst at Citigroup, wrote in a note to clients, "Exiting low-margin contracts is one potential way to address this situation, which would result in slower growth in total payment volume. Investors may interpret this change as a negative performance, but it is a necessary step." He believes that given the current uncertainty, the new management team may choose not to provide full-year guidance, which could be seen as another negative surprise. It is reported that the catalyst watchlist will expire on February 24th. PayPal's stock price fell 2.72% in Wednesday's trading. Seeking Alpha rates PayPal as "neutral" in its quantitative rating, while the average rating from platform analysts and Wall Street is "buy".
Zhitong App has learned that Citigroup has included PayPal in its 30-day negative catalyst watchlist, believing that the company's recovery in gross transaction volume will take longer than expected.
Ashwin Shirvaikar, an analyst at Citigroup, wrote in a note to clients, "Exiting low-profit contracts is one potential way to address this situation, which will result in slower growth in platform payment volume. Investors may interpret this change as a negative performance, but it is a necessary step."
He believes that given the current uncertainty, the new management team may choose not to provide full-year guidance, which could be seen as another negative surprise.
It is reported that the catalyst watchlist will expire on February 24th. PayPal's stock price fell throughout Wednesday's trading, closing down 2.72%.
Seeking Alpha rates PayPal as "neutral" in its quantitative rating, while the average rating from platform analysts and Wall Street is "buy".