PayPal's New Leadership and Strategy Poised to Drive Profitable Growth, Analyst Says

Quick Summary:

Perlin’s increased conviction in PayPal’s ability to improve PSP transaction margin is rooted in management commentary on more “partnership-based conversions,” a calculated rollout of Fastlane in fiscal 2024, and anecdotal comments of high demand from their customer conference and the use of low/no-code tools for faster integrations, which improved from 2 weeks to 2 hours.

The combination of fresh leadership, better aligned to drive transaction margin improvement specifically, and management commentary during the quarter gave the analyst incremental conviction of the profitable growth transition.

PayPal has called out fiscal 2024 as a transition year to set the company up for long-term profitable growth, Perlin noted.

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United States

Topics: Briefs PYPL Top Stories News Reiteration Expert Ideas Tech Benzinga Analyst Ratings Analyst Color Trading Ideas Price Target

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-28 @ 17:29:42 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 21411295

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