Veeva Analyst Changes Stance; Check Out the Top 5 Downgrades for Friday
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 12 2025
0mins
Should l Buy PYPL?
Source: Benzinga
Analyst Downgrades: Keybanc downgraded Veeva Systems from Overweight to Sector Weight, while Baird downgraded PayPal from Outperform to Neutral, reducing its price target significantly.
Valero Energy and Forge Global: Mizuho downgraded Valero Energy from Outperform to Neutral but raised its price target slightly, and Citizens downgraded Forge Global from Market Outperform to Market Perform.
BOK Financial Rating Change: Hovde Group downgraded BOK Financial Corp from Outperform to Market Perform, reflecting a shift in analyst sentiment.
Current Stock Prices: As of Thursday, Veeva shares closed at $229.49, PayPal at $61.69, Valero at $171.91, Forge Global at $44.45, and BOK Financial at $120.56.
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Analyst Views on PYPL
Wall Street analysts forecast PYPL stock price to rise
29 Analyst Rating
6 Buy
19 Hold
4 Sell
Hold
Current: 40.810
Low
51.00
Averages
72.86
High
100.00
Current: 40.810
Low
51.00
Averages
72.86
High
100.00
About PYPL
PayPal Holdings, Inc. offers a technology platform. The Company’s products are designed to enable digital payments and simplify commerce experiences for consumers and merchants to make selling, shopping, and sending and receiving money simple, personalized, and secure, online or offline, including mobile. It provides consumers with a digital wallet that enables them to send payments to merchants securely using a variety of funding sources, which include a bank account, a PayPal or Venmo account balance, its consumer credit products, a credit card, a debit card, certain cryptocurrencies, or other stored value products. It operates a global, two-sided network at scale that connects consumers and merchants with 434 million active accounts across approximately 200 markets. Its brands include PayPal, Braintree, Venmo, Xoom, Hyperwallet, PayPal Zettle, PayPal Honey, and Paidy. It offers financing products through the PayPal Working Capital (PPWC) and PayPal Business Loan (PPBL).
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Class Action Reminder: The Schall Law Firm reminds investors of a class action lawsuit against PayPal for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities purchased between February 25, 2025, and February 2, 2026, with a deadline to contact the firm by April 20, 2026.
- False Statements Allegation: The complaint alleges that PayPal made false and misleading statements regarding its Branded Checkout business growth potential, while internally acknowledging that its salesforce was incapable of achieving these optimistic projections, leading to significant investor losses when the truth emerged.
- Market Reaction Impact: Following the revelation of PayPal's actual performance capabilities, investors suffered damages, indicating that the company's public statements were misleading throughout the class period, which could negatively affect its stock price and market confidence.
- Legal Consultation Opportunity: The Schall Law Firm encourages shareholders who experienced losses during the class period to reach out for free legal consultations, ensuring that investors understand their rights and can participate in potential recovery efforts.
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- Class Action Initiation: Rosen Law Firm has filed a class action lawsuit on behalf of investors who purchased PayPal stock between February 25, 2025, and February 2, 2026, allowing potential lead plaintiffs to apply by April 20, 2026, for compensation.
- Fee Structure: Investors joining the class action can do so without any upfront costs, as the law firm operates on a contingency fee basis, which alleviates financial burdens and encourages broader participation from affected investors.
- Misleading Information Allegations: The lawsuit claims that PayPal provided overly optimistic financial targets while concealing the inadequacies of its salesforce, which ultimately misled investors and resulted in financial losses when the truth emerged.
- Law Firm Credentials: Rosen Law Firm is recognized for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, underscoring its expertise and capability in handling such cases.
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- Class Action Initiated: Robbins LLP reminds all investors who purchased PayPal (NASDAQ:PYPL) securities between February 25, 2025, and February 2, 2026, that a class action has been filed, alleging the company misled investors regarding its branded checkout offerings, which has significantly impacted investor confidence.
- Disappointing Financial Performance: On February 3, 2026, PayPal reported disappointing fourth-quarter and full-year financial results, revealing that its branded checkout service was underperforming, causing the stock price to plummet from $52.33 to $41.70 in a single day, representing a decline of approximately 20.31%, resulting in substantial losses for shareholders.
- Management Changes: Following the financial report, PayPal announced that CEO Chriss would be replaced by Enrique Lores effective March 1, 2026, a leadership change that may affect the company's strategic direction and market confidence.
- Legal Implications and Participation Opportunity: Investors are eligible to participate in the class action against PayPal, with the lead plaintiff representing the class in directing the litigation, and Robbins LLP offers contingency fee arrangements, ensuring shareholders can seek recovery without upfront costs.
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- Class Action Initiated: Rosen Law Firm has filed a class action lawsuit on behalf of investors who purchased PayPal stock between February 25, 2025, and February 2, 2026, alleging misleading statements regarding the company's financial targets, potentially leading to investor losses.
- False Statements Revealed: The lawsuit claims that PayPal executives provided overly optimistic growth projections while concealing the salesforce's inability to effectively execute on the perceived growth potential, severely undermining investor confidence in the company’s future.
- Investor Damages: As the true details emerged, investors faced significant losses, with the lawsuit seeking compensation, highlighting the detrimental impact of poor corporate governance and transparency on shareholder rights.
- Participation Requirements: Shareholders wishing to serve as lead plaintiffs must file motions with the court by April 20, 2026, indicating the complexity of the legal proceedings and the potential implications for investors.
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- Importance of Regulatory Framework: Goldman Sachs CEO David Solomon emphasized the critical need for a rules-based system for cryptocurrency and related financial instruments during his remarks at Davos, asserting that such a framework is essential for ensuring the safety and stability of U.S. markets and promoting long-term market health.
- Legislative Stalemate: Solomon's comments come as a Senate committee advances a cryptocurrency market bill aimed at establishing a national regulatory structure, yet the bill has stalled over disputes regarding whether digital asset companies can offer customer rewards, highlighting the complexities and challenges in the legislative process.
- Goldman's Market Positioning: While Solomon expressed a
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- Class Action Filed: Gainey McKenna & Egleston has initiated a class action lawsuit in the Northern District of California on behalf of investors who purchased PayPal securities between February 25, 2025, and February 2, 2026, alleging that executives misrepresented the company's revenue outlook and minimized risks.
- Disappointing Performance: On February 3, 2026, PayPal reported disappointing fourth-quarter and full-year financial results, indicating that its branded checkout initiatives were underperforming, which heightened investor concerns regarding the company's growth potential.
- Stock Price Plunge: Following the earnings release, PayPal's stock price plummeted from $52.33 per share on February 2, 2026, to $41.70 per share on February 3, 2026, marking a significant decline of approximately 20.31% in just one day, reflecting market pessimism about the company's future.
- Executive Change Impact: The lawsuit also notes that CEO Chriss will be replaced by Enrique Lores effective March 1, 2026, which may influence the company's strategic direction and investor confidence moving forward.
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