|Bid||80.45 x 800|
|Ask||80.47 x 1000|
|Day's range||80.32 - 81.89|
|52-week range||66.39 - 139.90|
|Beta (5Y monthly)||1.28|
|PE ratio (TTM)||41.59|
|Earnings date||09 Feb 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||103.53|
Yahoo Finance reporters Allie Garfinkle and Allie Canal join the Live show to discuss the latest outlook for tech stocks amid earnings season, including how leaders in online advertising are repositioning themselves in the space ahead of 2023.
The San Jose, California-based digital payments company said on Tuesday it would lay off 7% of its workforce, or around 2,000 employees, a move in line with analyst expectations and the firm's previous commitment to rein in costs. PayPal has been under pressure for most of last year, as surging inflation and fears of a recession limited digital payments and e-commerce spending. "Improving margins has increasingly been a focus for management over the past year, possibly in part due to pressure from activist Elliott Investment Management, and this looks like another step in that direction," Morningstar analyst Brett Horn said.
The chief executive of PayPal has called for “compassion for each other” as the tech company joined its peers in sacking thousands of staff.