Freedom Broker Cuts PayPal Price Target to $60, Maintains Buy

Freedom Broker reduced its price target for PayPal Holdings Inc. (NASDAQ:PYPL) to $60 from $100 while retaining a Buy rating on the stock. The adjustment follows the company's solid first-quarter fiscal 2026 results.

Rating Change

• Previous Price Target: $100
• New Price Target: $60
• Rating: Buy (Maintained)

Analyst Rationale

Analyst Mikhail Paramonov noted the company's strong Q1 results but opted to lower the price target based on current market valuations. No specific reasons for the cut were provided, but the analyst remains positive on the stock.

Context

This recommendation comes amid surging digital payments volume, positioning PayPal among the best fintech stocks to buy. No other analysts have issued similar comments yet.

What to Make of It

Despite the price target cut, the maintained Buy rating signals confidence in the company's long-term performance. Investors should monitor market developments and upcoming results.