Piper Jaffray analyst Jason Deleeuw believes PayPal's (PYPL) agreement with Visa (V) increases the likelihood of a "meaningful shift" of PayPal's ACH funding mix to Visa debit/credit. PayPal's overall transaction expenses will increase as a result, Deleeuw tells investors in a research note. He estimates that every 1% shift from ACH to debit and credit transactions will result in a 1c-2c headwind to annual earnings. Any potential revenue benefits to PayPal from the agreement will be longer term opportunities, the analyst contends. He keeps an Underweight rating on the shares with a $34 price target.

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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

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Consensus is $4.75. Estimated non-GAAP amounts for the twelve months ending December 31, 2024 reflect adjustments of approximately $499M, including restructuring charges of $175M in Q1'24 and additional estimated restructuring charges of approximately $70M to $90M in Q2'24.

President and CEO Alex Chriss said: "We delivered a solid set of results in Q1 and I'm encouraged by the progress the team is making against PayPal's go-forward strategy and in strengthening our foundation. 2024 remains a transition year and we are focused on execution - driving our key strategic initiatives, realizing cost savings, and reinvesting appropriately to position the company for consistent, high-quality profitable growth in the future."

PayPal (PYPL) is scheduled to report results of its first fiscal quarter before market open on April 30, with a conference call scheduled for 8:30 am EDT. What to watch... To see the rest of the story go to thefly.com. See Story Here

Monness Crespi raised the firm's price target on PayPal to $88 from $80 and keeps a Buy rating on the shares. The recent run in PayPal shares has reflected the confirmation that transaction margin dollars and EPS guidance provided was conservative considering the new management team's need to build credibility, the analyst tells investors in a research note. The firm thinks CY25 EPS estimates have likely already troughed and believes PayPal is taking the correct steps.