PayPal shares reiterate Outperform rating, RBC sees value strategy By Investing.com
On Thursday, RBC Capital maintained its Outperform rating on shares of PayPal (NASDAQ:) and reiterated its $100.00 price target for the company’s shares. The endorsement comes after PayPal announced updates to its merchant agreements last week.
The significant change involves an increase in pricing for the company’s Pay Later service, which will see fees rise from 3.49% plus 49 cents to 4.99% plus 49 cents. This adjustment represents a 1.50% hike and is set to take effect on January 13th, 2025.
The move by PayPal is part of a broader strategy to align prices with the value provided, especially in the Buy Now, Pay Later (BNPL) services, which have become increasingly popular among consumers. RBC Capital noted that this pricing adjustment…
