Growth Investing - Bought PYPL - Growth Investing - InvestorVillage


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Msg  264 of 272  at  11/9/2021 9:33:41 AM  by

lumpygravy


 In response to msg 263 by  lumpygravy
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Re: Bought PYPL

Oppenheimer also gave PYPL a shove today, though mostly with 
their target price. Most of the analyst target prices are ridiculous 
anyway.
 
"3Q21 adj. EPS $1.11 vs. our/consensus $1.07E. PYPL significantly reduced 2022
EPS expectations (~9%), which is off their 5yr-trend (22%). We expect significant EPS
reductions across consensus given management's NT cautious stance on underlying
industry/company-specific impacts, we thought already captured in management's
previously guided expectations. Between eBay's pressure on revenue growth,
combined with further investments in the platform/reserve build grow over, we believe
PYPL's 2022/2023 adjusted operating margin could be under pressure vs 2021. Rolling
out 2023FY estimate of $6.26; given NT expectations, we are significantly reducing
our PT to $268 from $329. Sharing LT holders' likely disappointment in NT trajectory
and perhaps a challenged stock NT, we still believe PYPL's LT trajectory is likely to
resume in 2023 and thus remain Outperform. Amazon partnership announced.
"


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Msg # Subject Author Recs Date Posted
265 Re: Bought PYPL rlp2451 0 11/9/2021 9:57:01 AM




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