Baird analyst Colin Sebastian said Paypal reported somewhat mixed Q4 results with TPV missing expectations but revenues were in-line due to a better take rate and earnings were a penny better than expectations. The analyst noted the company backed its guidance for 2020 and indicated that Q1 was off to a good start. Sebastian reiterated his Outperform rating and raised his price target to $125 from $120 on PayPal 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.