Here's Why Credit Slashed Its Price Target On PayPal

• Credit Suisse slashed its price target for PayPal Holdings Inc (NASDAQ:PYPL) to $155 from $190 (55.5% upside) and reiterated Outperform.
• The re-rating followed model updates and increased levels of uncertainty stemming from multiple factors.
• Also Read: Read Barclays' Take On Visa, Mastercard, PayPal Amid Present Macro Environment
• The factors included CFO departure, inflationary pressures on low-income consumers, discretionary spending, supply chain impacts, and elevated user churn. 
• PayPal's FY 2022 guidance calling for +15-17% revenue growth was not overly conservative amid persistent inflationary pressures on low-income consumers, the risk to discretionary spending in general, and China's outbound cross-border and other supply chains impacts.
•  Price Action: PYPL shares traded lower by 1.45% at $100.83 on the last check Monday.