Jefferies analyst Ramsey El-Assal says his updated analysis reinforces his prior view that the impact from losing exclusivity at eBay (EBAY) should prove "quite manageable" for PayPal (PYPL). The most likely outcome is a low-single-digit revenue decline and a mid- to high-single-digit earnings decline in 2020 for PayPal, El-Assal tells investors in a research note. He notes that this does not take into consideration any offsetting acquisitions or buybacks utilizing PayPal's "sizable unlevered" cash holdings. In addition, the analyst believes the company's fundamentals in Q1 look solid. He keeps a Buy rating on the shares with a $98 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.