PayPal slides after downbeat annual forecast, CEO change

PayPal Holdings

03/02/2026 12:15

** Payments firm PayPal's PYPL.O shares slide 10% to $47.08 premarket

** PYPL expects full-year adjusted profit to decline in the low-single digit percentage to increase slightly, compared with Wall Street expectations of about 8% growth, according to data compiled by LSEG

** Separately, PYPL announces HP CEO Enrique Lores as its new top boss, succeeding Alex Chriss

     ** "While some progress has been made in a number of areas over the last two years, the pace of change and execution was not in line with the board's expectations," PYPL says

** 15 of 44 brokerages rate the stock "buy" or higher, 24 "hold" and five "sell" or lower; median PT $69 - LSEG data

** As of last close, PYPL stock down 10.4% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))