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Just noticed PayPal's analyst price targets got slashed pretty hard. The average one-year target dropped from around 63 euros down to 44 euros per share - that's a 30% cut. Targets are all over the db board now, ranging from 27 to 89 euros, so there's clearly no consensus on where this stock is heading.
What's interesting is the fund sentiment. About 2,400 institutions hold PayPal positions, but that number actually shrank by 12.88% last quarter. The big index funds like Vanguard Total Stock Market and Vanguard 500 Index both increased their stakes slightly - up 0.16% and 0.43% respectively. But Capital Research and Geode Capital both trimmed their holdings pretty significantly, cutting their allocations by around 17% and 16%.
So you've got a mixed picture here. The price target got hammered, but some major players are still buying while others are bailing out. The current price is sitting around 35.45 euros, which means even at the new lower targets, there's potentially 25% upside if analysts get it right. Definitely a stock worth watching on the db board if you're looking at financial names, but clearly the conviction level among the pros has weakened.