PayPal is set to report earnings Tuesday morning. The digital payments platform beat revenue expectations last quarter with $8.35 billion, up 7.2% year on year. For this quarter, analysts expect revenue growth of 2.2% year on year, a slowdown from the 5.1% increase in the same quarter last year. PayPal has missed Wall Street revenue estimates multiple times over the last two years. The stock is up 26.4% over the last month, heading into earnings with an average analyst price target of $53.07 compared to the current share price of $56.07.
PayPal Holdings IncPayPal is about to report earnings; revenue growth expected to slow, but stock has risen recently and trades above average price target.