5 Stocks to Watch on Thursday

2. PayPal Holdings, Inc. (NASDAQ:PYPL) has ascended 4.39% as of 12:14 PM ET after the San Jose, California-based operator of an online payment system reported new targets that were “seen as achievable.” Following the results, Christopher Donat at Piper Sandler revealed that investors are relieved that PayPal Holdings, Inc.’s (NASDAQ:PYPL) management reset the guidance bar lower as the firm is expected to face a tough environment in Europe and relative weakness in e-commerce activity due to rising inflation. The analyst believes that PayPal Holdings, Inc. (NASDAQ:PYPL) is in a position to become a Super App in the financial services sector.

Of the 924 hedge funds in Insider Monkey’s database, PayPal Holdings, Inc. (NASDAQ:PYPL) was held by 110 hedge funds as of Q4 2021.