A major payment pioneer embraces stablecoins, transforming cross-border transfers and reshaping the future of finance.
PayPal will pay a $2 million civil fine over cybersecurity failures that led to the exposure of customers' Social Security numbers in late 2022, New York state's Department of Financial Services said on Thursday.
PayPal is in the hacker and scammer crosshairs as cyberattacks continue—here’s what you need to know to protect your account and your money.
It's almost impossible to predict whether a stock can turn investors into millionaires one day. However, PayPal's durable growth and competitive strengths certainly resemble traits of a high-quality business. It's also very profitable, with an operating margin in the high teen percentages.
TD Cowen analyst Bryan Bergin increased the price target for PayPal (NASDAQ:PYPL) stock to $90.00, up from the previous $78.00, while maintaining a Hold rating on the shares. Bergin noted that PayPal has shown strong performance recently,
PayPal Holdings Inc. will pay $2 million to settle claims that it mishandled an update to its tax-reporting protocols to comply with federal pandemic-era requirements and exposed customers’ Social Security numbers,
The settlement detailed the missteps PayPal took in the lead-up to the attack and highlighted common risks — both on compliance and security — banks face.
PayPal Chief Product Officer John Kim has entered into a separation agreement with the company and plans to leave his position on March 31, according to a filing with Securities and Exchange Commission on Wednesday.
During the three-month period that ended Sept. 30, 2024, PayPal handled a whopping $423 billion in total payment volume. That figure was up 9% year over year and 136% higher than in the third quarter (Q3) of 2019. What's more, revenue in the past five years has climbed at a 12.4% annualized clip. PayPal is clearly still growing nicely.
Read here for an analysis of PayPal's potential for growth in 2025, supported by strong cash flow and margins, driving a buy rating and target price of $121.
Analysts expect its revenue and GAAP EPS to have grown 6% and 4%, respectively, in 2024. For 2025, they expect its revenue and GAAP EPS to rise 6% and 17%, respectively, as the macroeconomic environment improves and it expands its ecosystem. That stable growth indicates it can keep growing over the long term without eBay's support.
TD Cowen raised the firm’s price target on PayPal (PYPL) to $90 from $78 and keeps a Hold rating on the shares. The firm said the continuation