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PayPal shares drop 3% ahead of Q3 earnings despite Truist raising price target to $58

Market News
26 Oct 2026, 19:43 WIB
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Bearish
PayPal shares drop 3% ahead of Q3 earnings despite Truist raising price target to $58

PayPal's stock fell 3% to $55.12 as investors grew cautious before its third-quarter earnings report, despite Truist raising its price target to $58 and maintaining a Hold rating. The decline is notable compared to smaller drops in Klarna and Affirm stocks, highlighting company-specific concerns. Key focus will be on PayPal's branded checkout growth, which is central to its turnaround story, alongside Venmo and merchant processing performance. The upcoming report and any changes to the full-year outlook will be critical for validating Truist's optimistic target or fueling further doubts.

As of Oct 26, 2026 23:51 WIB, PayPal shares on Pluang are trading at USD 54.97, down 3.60% for the day, slightly more than the 3% drop noted in the article. Affirm shares also declined but less sharply, down 0.88% to USD 69.46. PayPal's market cap stands at $48.78 billion, highlighting its significant presence in the financials sector on the platform.

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