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Tuesday, October 3, 2023

PayPal seems on track to ‘clear a low bar.’ Is that enough to help its stock?

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E-commerce spending appears to have held up better than expected to start the year, and that could help PayPal Holdings Inc. when it posts earnings Monday afternoon.

Shares of the e-commerce company have shed 60% of their value since the start of 2022, with PayPal PYPL executives making a series of guidance cuts during that span, but some analysts expect management to lift expectations this time around.



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