PYPL PayPal Holdings, Inc.

NEUTRAL Impact: 1/10 ANALYST-UPGRADE
Processed 23d 15h ago SEC analyst-PYPL-bmocapit-20260422
BMO Capital initiates coverage on PYPL at Market Perform
Latest settled — T+20d ⚠ clustered
PYPL ▼ -13.36% at T+20d
NEUTRAL call ✗ call lost -13.36% · α vs SPY -17.59% · entry $51.20 → $44.36
Next anchor: T+60d in 5w
Last close $41.53 (close Jun 12) · -18.88% from $51.20 entry
Entry anchored
Apr 22, 10:49 AM ET
via Databento tick
T+1d
-2.81%
call -2.81% · α -2.42%
$49.76
settled 8w ago
T+5d
-0.53%
call -0.53% · α -0.58%
$50.93
settled 7w ago
T+20d
-13.36%
call -13.36% · α -17.59%
$44.36
settled 26d ago
T+60d
call — · α —
in 5w

Price Chart

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Executive Summary

BMO Capital initiated coverage on PayPal Holdings, Inc. (PYPL) at Market Perform with a $52 price target, implying 17.4% upside from the current $44.30. The firm's 80% accuracy on 5 calls and top-tier average return of 10.6% lend credibility to this neutral stance. Consensus is heavily tilted toward Hold (33 of 52 analysts), with only 15 Buy ratings and 4 Sells. The mean target of $52.53 aligns closely with BMO's $52, placing it near the consensus median. Recent analyst activity shows 1 downgrade in the past 30 days (Macquarie to Neutral) and no upgrades, while EPS revisions for the current quarter have seen 28 downward revisions in 30 days. Insider selling persists, including a $175K sale by EVP Suzan Kereere on May 19, and institutional exits by Norges Bank and Sound Shore Management signal caution. The next earnings report is due July 27, 2026 — roughly 3 months away, reducing near-term event risk. BMO's initiation adds a neutral voice to an already cautious consensus, with no strong directional catalyst. Traders should view this as a non-event; the stock remains range-bound with limited upside conviction.

Impact Score

Base Score
1/7
LLM Adjustment
+0
Final Score
1/10

Consensus & Targets

Buy / Strong Buy
15 (29%)
Hold
33
Sell / Strong Sell
4
Total Analysts
34
Mean PT
$52.53
Median PT
$48.00
High PT
$147.39
Low PT
$32.00
Current Price
$44.30
Implied Upside
+18.6%

Of 52 analysts covering PYPL, 15 (29%) rate it Buy (4 Strong Buy, 11 Buy), 33 (63%) Hold, and 4 (8%) Sell. The consensus is heavily skewed toward Hold, reflecting broad uncertainty about the company's growth trajectory.

Mean price target is $52.53, median $48.00, high $147.39, low $32.00. Current price $44.30 implies 18.6% upside to the mean. BMO's $52 target is slightly below the mean but above the median, placing it in the middle of the consensus range.

Recent Analyst Activity

DateFirmActionRatingPrice Target
2026-05-20 Canaccord Genuity maintain Hold $42.00
2026-05-12 Truist Securities maintain Sell $44.00
2026-05-07 Macquarie downgrade Neutral $50.00
2026-05-06 UBS maintain Neutral $48.00
2026-05-06 RBC Capital reiterate Outperform $59.00
2026-05-05 Needham reiterate Hold
2026-04-24 Truist Securities maintain Sell $45.00
2026-04-22 BMO Capital initiate Market Perform $52.00
2026-04-21 Cantor Fitzgerald maintain Neutral $54.00
2026-04-21 B of A Securities maintain Neutral $55.00

In the past 30 days, PYPL has seen 0 upgrades and 1 downgrade (Macquarie to Neutral). EPS revisions for the current quarter show 28 downward revisions in 30 days, with the average estimate falling from $1.35 to $1.29. The trend is clearly negative.

Firm Track Record — BMO Capital

BMO Capital accuracy: 53% on 1844 calls | avg return: 2.3%

Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.

FirmAccuracyCallsAvg Returnvs Average
Monness, Crespi, Hardt 100% 3/3 19.5% top tier
Goldman Sachs 100% 4/4 4.2% top tier
JP Morgan 100% 3/3 2.8% top tier
BMO Capital 80% 4/5 10.6% top tier
Susquehanna 80% 4/5 9.7% top tier
B of A Securities 67% 2/3 -9.6% top tier
Baird 67% 4/6 -0.3% top tier
Canaccord Genuity 60% 3/5 3% above average
Barclays 60% 3/5 3% above average
UBS 60% 3/5 3.2% above average

BMO Capital has an 80% accuracy rate on 5 calls with a 10.6% average return, ranking as top-tier among firms covering PYPL. The best-performing firm is Monness, Crespi, Hardt (100% on 3 calls, 19.5% avg return); the worst is Wolfe Research (50% on 2 calls, -21.2% avg return). BMO's track record is strong but based on a small sample.

Earnings Estimates

Next earnings: Jul 27, 2026

PeriodEPS Est.EPS RangeRevenueRevisions (7d)
0q $1.29 $1.25 — $1.49 $8.5B ↑1 ↓0
+1y $5.79 $5.27 — $6.57 $35.8B ↑13 ↓0
+1q $1.34 $1.25 — $1.48 $8.6B ↑1 ↓0
0y $5.30 $5.17 — $5.53 $34.3B ↑1 ↓0

Cross-Platform Signals

Insider Trades (90d)
0 buys / 5 sells
Congressional
Mark Alford (republican) — sell $1,001 - $15,000
Congressional
Byron Donalds (republican) — buy $1,001 - $15,000
Congressional
Byron Donalds (republican) — buy $1,001 - $15,000
Institutional
NORGES BANK — new
Institutional
SOUND SHORE MANAGEMENT INC /CT/ — exit (-100%)
Institutional
Fund 1 Investments, LLC — exit (-100%)

Insider selling is notable: EVP Suzan Kereere sold $175K on May 19, and CFO Frank Keller sold $402K in March. Congressional activity is mixed (one Republican buy, one sell). Institutional changes show Norges Bank exiting and Two Sigma trimming 74.5% of its position. Short interest data is unavailable. The insider and institutional signals diverge from the neutral analyst initiation, adding caution.

Actionable Insight

BMO's neutral initiation is a non-event for active traders. The broader consensus is cautious, EPS revisions are falling, and insiders are selling. Avoid initiating long positions until a clear catalyst emerges; the stock is range-bound with downside risk.

Documents Analyzed

Report based on filing metadata.

12 reports for PYPL
Performance horizon
100% Hit rate 4 of 4 directional calls best @ T+20▲ +10.67%Jun 6, 2026
Filters
Rows
Reports for PYPL — sortable, filterable
Type Now
Jun 6, 2026
8d ago
ANALYST-DOWNGRADE
BEARISH ★ 4/10
$46.20 $44.93▲ +2.75%▲ +5.04%$41.53 (+10.10%)
May 31, 2026
14d ago
ANALYST-UPGRADE
BULLISH ★ 1/10
$73.87 $74.82▲ +1.29%▲ +0.65%$41.53 (−43.78%)
May 22, 2026
23d ago
ANALYST-UPGRADE
NEUTRAL ★ 1/10
$51.20 $50.93▼ −0.53%▼ −0.58%$41.53 (−18.88%)
May 16, 2026
29d ago
ANALYST-DOWNGRADE
BEARISH ★ 3/10
$49.80 $49.76▲ +0.08%▲ +1.06%$41.53 (+16.60%)
May 8, 2026
5w ago
DEFA14A
NEUTRAL ★ 3/10
$45.06 $44.37▼ −1.53%▼ −1.45%$41.53 (−7.83%)
May 7, 2026
5w ago
ANALYST-DOWNGRADE
NEUTRAL ★ 4/10
$46.20 $45.23▼ −2.09%▼ −3.60%$41.53 (−10.10%)
May 1, 2026
6w ago
ANALYST-UPGRADE
NEUTRAL ★ 2/10
$73.87 $74.82▲ +1.29%▲ +0.65%$41.53 (−43.78%)
Apr 29, 2026
6w ago
Insider Cluster
NEUTRAL ★ 2/10
$50.93 $46.49▼ −8.71%▼ −11.82%$41.53 (−18.45%)
Apr 22, 2026
7w ago
ANALYST-UPGRADE
NEUTRAL ★ 1/10
$51.20 $49.37▼ −3.57%▼ −3.62%$41.53 (−18.88%)
Apr 7, 2026
9w ago
DEFA14A
NEUTRAL ★ 4/10
$45.84 $49.56▲ +8.12%▲ +4.60%$41.53 (−9.39%)
Showing 10 of 12

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