2024-02-06 13:30:00 ET
Summary
- PayPal's investors are likely assessing whether to capitalize on the recent pullback and add more exposure pre-earnings.
- The upcoming earnings conference will likely set the stage for PayPal's recovery, given the recent slew of analysts' downgrades.
- Management must impress the market and analysts by lifting earnings guidance in response to recent initiatives and headcount reduction.
- Notwithstanding the downgrades, I argue why the lack of significant selling intensity suggests the market could be accumulating pre-earnings.
- Investors confident about PYPL's recovery thesis should consider buying before its earnings release, as it could lead to a share surge if management guides above the Street's lowered outlook.
PayPal Holdings, Inc. ( PYPL ) investors are likely assessing whether they should capitalize on the recent pullback and add more exposure as we head into PayPal's fourth-quarter earnings call on February 7 . I believe it will be a pivotal earnings conference for management to follow up on its recent showcase as PayPal looks toward a transformation in 2024 and beyond....
Read the full article on Seeking Alpha
For further details see:
PayPal: I Wasn't Shocked, But I See A Pre-Earnings Buying Opportunity (Rating Upgrade)