PayPal stock upgraded to Buy at CFRA as bad news is already priced in
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CFRA analyst David Holt upgraded PayPal Holdings (NASDAQ:PYPL) to Buy from Hold after the fintech's earnings and conference call implied that "negative sentiment could be bottoming."
"With PYPL's pandemic-fueled gap higher not fully filled and the stock discounting a slew of bad news, we are getting more constructive," Holt wrote in a note to clients.

Still, PayPal (PYPL) trimmed its 2022 targets for a third straight quarter, he added.
Price target is trimmed to $115 from $149, 2022 EPS estimate cut to $3.90 from $4.64, and 2023 EPS estimate to $4.77 from $5.56.
PayPal (PYPL) stock is trading down 0.7% in Friday midmorning trading.
The Buy rating contrasts with the Quant rating of Sell and comes in line with the average Wall Street rating of Buy.
On Thursday, PayPal (PYPL) shares rose after analysts considered the company's guidance reset