PayPal Holdings Inc

PYPL: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$671.00	Ztdhr	Kvqscdvl

PayPal Earnings: Mixed Results, New CEO Outlines His Plans

Brett Horn

Nov 2, 2023

We think PayPal's third-quarter results were mixed, and management's guidance suggests that the fourth quarter will be a little softer than expected. However, we are encouraged by comments from new CEO Alex Chriss and see his thoughts on PayPal's long-term prospects are roughly in line with our own. We will maintain our $135 per share fair value estimate for the narrow-moat company and view the shares as deeply undervalued.

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