PayPal Shares Face Pressure as Analyst Downgrade Offsets Expansion Efforts

PayPal’s stock encountered significant selling pressure on Friday as a major investment bank revised its price target downward. This development unfolded alongside the company’s announcement of a substantial new funding initiative and the launch of an ambitious campaign in the United Kingdom, presenting investors with a complex mix of signals.

Even as its shares declined, PayPal demonstrated proactive financial management by establishing a $5 billion commercial paper program. This mechanism provides the company with access to short-term, unsecured financing for general corporate purposes, offering enhanced operational flexibility. In a vote of confidence for this approach, Fitch Ratings assigned PayPal a short-term issuer rating of “F1,” indicating the agency’s view Read more...