Motley Fool
Why PayPal Plunged Today
PayPal (NASDAQ: PYPL) investors have had a rough go of it lately, and Wednesday wasn’t any better, with the stock down 6.7% as of 1:43 p.m. ET. The stock is now down nearly 70% from its 52-week highs. There wasn’t much in the way of “new” news on Wednesday, but a financial analyst at SMBC Nikko Securities kept his “underweight” rating on the stock and lowered his price target.
Source: https://finance.yahoo.com/news/credit-suisse-slashed-price-targets-185737998.html