Analysts Are Downgrading These 5 Stocks

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1. PayPal Holdings, Inc. (NASDAQ:PYPL)

Number of Hedge Fund Holders: 126

PayPal Holdings, Inc. (NASDAQ:PYPL) is one of the best stocks in the digital payments space due to its solid business fundamentals and strong balance sheet. However, KeyBanc analyst Josh Beck believes the company is facing intense competition from rivals, like Apple Pay and Shop Pay, which could hamper its growth.

Beck downgraded PayPal Holdings, Inc. (NASDAQ:PYPL) from “Overweight” to “Sector Weight” and reduced his price target from $100 per share to $80 per share on Monday, January 9. The analyst was primarily moved by intensifying competition and changing industry dynamics.

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