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: 41.450
Low
51.00
Averages
72.86
High
100.00
Current: 41.450
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.
PayPal Shareholder Class Action Notice Issued
- Shareholder Lawsuit Notice: The Gross Law Firm has issued a notice encouraging shareholders who purchased PayPal (NASDAQ: PYPL) shares between February 25, 2025, and February 2, 2026, to contact them regarding potential lead plaintiff appointment, although this is not required for recovery participation.
- Financial Target Downgrade: PayPal's financial results announced on February 3, 2026, revealed disappointing performance for fiscal year 2025, particularly in its core Branded Checkout segment, leading to the withdrawal of previously set 2027 financial targets, reflecting the impact of market competition and operational issues.
- Stock Price Plunge: Following the disappointing earnings report, 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 dramatic decline of 20.31% in just one day, indicating strong investor concerns about the company's future prospects.
- Management Shakeup: The announcement of a sudden transition in the CEO role during the earnings release has further intensified market skepticism regarding the company's governance and strategic execution capabilities, potentially undermining investor confidence and long-term growth prospects.
See More
Etsy to Sell Depop to eBay for $1.2 Billion
- Depop Sale Announcement: Etsy plans to sell its fashion resale app Depop to eBay for approximately $1.2 billion in cash, allowing Etsy to focus exclusively on its core marketplace, which is expected to enhance its competitive position.
- Mixed Earnings Report: In the fourth quarter, Etsy reported earnings per share of 92 cents, exceeding analyst estimates of 84 cents, but revenue came in at $882 million, slightly below the expected $885 million, indicating ongoing market pressures.
- Sales Decline: Etsy's gross merchandise sales fell 3.8% year-over-year to $3.59 billion, missing analyst expectations of $3.6 billion, primarily due to the impact of last year's sale of the Reverb marketplace.
- User Growth Metrics: While active buyers decreased by 2% year-over-year to 93.54 million, active sellers increased by 7.7% to 8.76 million, surpassing analyst estimates of 8.5 million, demonstrating Etsy's continued appeal to sellers.
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Walmart's Guidance Falls Short of Expectations
- Guidance Miss: Walmart's latest earnings report projects adjusted EPS for the fiscal year between $2.75 and $2.85, falling short of Wall Street's $2.96 forecast, resulting in a premarket stock drop of over 2%.
- Challenges Under New CEO: With John Furner taking the helm amid intensifying market competition, investor focus on his strategic direction is increasing, which could impact stock performance.
- Market Performance Review: Despite a recent stock increase of over 21% and nearly 175% over the past five years, the lowered guidance may raise concerns about Walmart's future growth potential among investors.
- Industry Dynamics Impact: On the same day as Walmart's report, Wayfair posted its first annual sales gain, while Etsy's stock rose after beating earnings expectations, indicating a potential pressure on Walmart from the recovering retail sector.
See More
PayPal Shares Plunge 20% Amid Leadership Change and Weak Outlook
- Leadership Change: PayPal's unexpected appointment of Enrique Lores as new CEO, replacing Alex Chriss who has been in charge since September 2023, has raised investor concerns about the company's strategic direction and stability.
- Weak Financial Outlook: The company forecasts adjusted earnings per share to decline slightly or show minimal growth in 2026, significantly below analysts' expectations of an 8% increase, indicating substantial growth challenges ahead.
- Strong Cash Flow: Despite the stock's decline, PayPal generated $5.6 billion in free cash flow in 2025, with plans to repurchase $6 billion worth of shares this year, reflecting management's confidence in the company's underlying value.
- Intensifying Market Competition: The lack of growth in PayPal's performance amidst fierce competition in the payments industry leads to cautious investor sentiment, particularly as the company struggles to implement effective growth strategies.
See More
PayPal Faces Class Action Lawsuit Reminder
- 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.
See More
Class Action Lawsuit Filed Against PayPal Holdings, Inc.
- 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.
See More
PayPal Shareholder Class Action Notice Issued
- Shareholder Lawsuit Notice: The Gross Law Firm has issued a notice encouraging shareholders who purchased PayPal (NASDAQ: PYPL) shares between February 25, 2025, and February 2, 2026, to contact them regarding potential lead plaintiff appointment, although this is not required for recovery participation.
- Financial Target Downgrade: PayPal's financial results announced on February 3, 2026, revealed disappointing performance for fiscal year 2025, particularly in its core Branded Checkout segment, leading to the withdrawal of previously set 2027 financial targets, reflecting the impact of market competition and operational issues.
- Stock Price Plunge: Following the disappointing earnings report, 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 dramatic decline of 20.31% in just one day, indicating strong investor concerns about the company's future prospects.
- Management Shakeup: The announcement of a sudden transition in the CEO role during the earnings release has further intensified market skepticism regarding the company's governance and strategic execution capabilities, potentially undermining investor confidence and long-term growth prospects.
See More
Etsy to Sell Depop to eBay for $1.2 Billion
- Depop Sale Announcement: Etsy plans to sell its fashion resale app Depop to eBay for approximately $1.2 billion in cash, allowing Etsy to focus exclusively on its core marketplace, which is expected to enhance its competitive position.
- Mixed Earnings Report: In the fourth quarter, Etsy reported earnings per share of 92 cents, exceeding analyst estimates of 84 cents, but revenue came in at $882 million, slightly below the expected $885 million, indicating ongoing market pressures.
- Sales Decline: Etsy's gross merchandise sales fell 3.8% year-over-year to $3.59 billion, missing analyst expectations of $3.6 billion, primarily due to the impact of last year's sale of the Reverb marketplace.
- User Growth Metrics: While active buyers decreased by 2% year-over-year to 93.54 million, active sellers increased by 7.7% to 8.76 million, surpassing analyst estimates of 8.5 million, demonstrating Etsy's continued appeal to sellers.
See More
Walmart's Guidance Falls Short of Expectations
- Guidance Miss: Walmart's latest earnings report projects adjusted EPS for the fiscal year between $2.75 and $2.85, falling short of Wall Street's $2.96 forecast, resulting in a premarket stock drop of over 2%.
- Challenges Under New CEO: With John Furner taking the helm amid intensifying market competition, investor focus on his strategic direction is increasing, which could impact stock performance.
- Market Performance Review: Despite a recent stock increase of over 21% and nearly 175% over the past five years, the lowered guidance may raise concerns about Walmart's future growth potential among investors.
- Industry Dynamics Impact: On the same day as Walmart's report, Wayfair posted its first annual sales gain, while Etsy's stock rose after beating earnings expectations, indicating a potential pressure on Walmart from the recovering retail sector.
See More
PayPal Shares Plunge 20% Amid Leadership Change and Weak Outlook
- Leadership Change: PayPal's unexpected appointment of Enrique Lores as new CEO, replacing Alex Chriss who has been in charge since September 2023, has raised investor concerns about the company's strategic direction and stability.
- Weak Financial Outlook: The company forecasts adjusted earnings per share to decline slightly or show minimal growth in 2026, significantly below analysts' expectations of an 8% increase, indicating substantial growth challenges ahead.
- Strong Cash Flow: Despite the stock's decline, PayPal generated $5.6 billion in free cash flow in 2025, with plans to repurchase $6 billion worth of shares this year, reflecting management's confidence in the company's underlying value.
- Intensifying Market Competition: The lack of growth in PayPal's performance amidst fierce competition in the payments industry leads to cautious investor sentiment, particularly as the company struggles to implement effective growth strategies.
See More
PayPal Faces Class Action Lawsuit Reminder
- 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.
See More
Class Action Lawsuit Filed Against PayPal Holdings, Inc.
- 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.
See More
