Baird said investors remain focused on eBay's (EBAY) soon to be separated PayPal (PYPL) business, but that it's Marketplace business could be an attractive value play. The firm believes PayPal should appeal to growth investors, but noted its Marketplace Tracker is indicating better year-over-year growth based on easing comps. Baird reiterated its Outperform rating and raised its price target to $69 from $65 on eBay shares.

DMG Blockchain Solutions (DMGGF) announced a strategic collaboration with PayPal (PYPL) and Energy Web to explore ways to decarbonize the Bitcoin blockchain. The companies are working together on developing methods for transacting on the Bitcoin network which would expand its use as a carbon neutral payment rail, thus advancing its application. DMG, Energy Web, and PayPal are working together to publish a research paper, which we collectively believe will benefit users of the Bitcoin network who would like to take advantage of carbon neutral options in their transactions. PayPal, with its focus on developing its bitcoin payment rail, has been a leader in new payment technologies with the introduction of its enhanced services by integrating blockchain technology, launching the PayPal USD stablecoin with Paxos Trust Company in August 2023 for efficient transactions.