Bernstein and Argus fuel PayPal optimism with stock rating upgrades
) is gaining momentum as Wall Street turns bullish. Both Bernstein and Argus have upgraded the stock, citing the company's strong turnaround efforts and promising growth prospects.
“PayPal is accepted at more than 75 of the top 100 retailers in the U.S., and we expect even greater penetration in the next year,” analysts at Argus said in a note. Furthermore, the company's diverse portfolio, including its strong foothold in eCommerce and the potential to expand into advertising and commerce platforms, presents significant upside opportunities. While macroeconomic headwinds and competition persist, PayPal's recent performance and strategic positioning make it an enticing investment prospect.
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