JPMorgan analyst Doug Anmuth says PayPal's (PYPL) Q3 earnings report, in which its eBay (EBAY) Marketplaces total payment volume growth decelerated from 5.7% in Q2 to 3.4%, suggests downside risk to his Q3 numbers for eBay. The analyst thinks eBay shares could be weak until more clarity is given on its Q3 conference call Tuesday, October 30. Anmuth keeps a Neutral rating on the stock with a $41 price target.

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.