New Street Research - PayPal Holdings Inc (PYPL) PYPL US (BUY, TP: $100, +25%) Healthy Q3 beat; sneak preview for FY 25; model update

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New Street Research

Soomit Datta

EUR 9253.00 For Business Accounts Only

PYPL US (BUY, TP: $100, +25%) Healthy Q3 beat; sneak preview for FY 25; model update

PayPal reported solid Q3s, coming in ahead of expectations: 4% at transaction margin $ and 11% at non-GAAP EPS. FY guidance for 2024 was lifted, and consensus will move up, although less so for Q4 once higher higher investment costs are factored in.

30/10/2024 1 EN

Underlying

PayPal Holdings Inc

PayPal Holdings is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. The company's combined payment solutions include its PayPal, PayPal Credit, Braintree, Venmo, Xoom and iZettle products and services. PayPal's payment solutions enable the company's customers to send and receive payments. PayPal helps merchants and consumers connect, transact, and complete payments, whether they are online, on a mobile device, in an app, or in person. The company provides proprietary payment solutions accepted by merchants that enable the completion of payments on the company's Payments Platform on behalf of its customers.

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US70450Y1038 NASDAQ Stock Market United States

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Analysts

Soomit Datta

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PYPL US (BUY, TP: $100, +25%) Healthy Q3 beat; sneak preview for FY 25; model update

PYPL US (BUY, TP: $100, +28%) PayPal - Everywhere CAC/LTV modeling, Amazon in focus; TP to $100

Vital Signs: Actionable charts

Reddit (RDDT, Neutral, $68 target) First Take: Surprise upside in ad monetization

Snap Inc. (SNAP, Buy, $17 target) First Take: Direct Response still humming, brand still lagging

Alphabet (GOOGL, Buy, $210 target) First Take: Solid all around, especially Cloud and Margins

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