BTIG analyst Andrew Harte says PayPal’s (PYPL) “very solid ” Q3 report and raised full-year outlook is overshadowed by management’s “lukewarm” initial commentary on fiscal 2025. The firm believes the main driver of the stock weakness today is the initial fiscal 2025 gross profit growth outlook, which on an ex-interest revenue basis is below Street estimates. BTIG keeps a Neutral rating on the shares, saying PayPal’s fiscal 2025 continues to be a transition year with the potential benefits of its initiatives being a fiscal 2026 story.
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