Apple & Mastercard's Move Have Raised The Competition For PayPal: BofA Analyst
Apple & Mastercard's Move Have Raised The Competition For PayPal: BofA Analyst
BofA Securities analyst Jason Kupferberg maintained a Neutral rating on PayPal Holdings, Inc. (NASDAQ:PYPL) at a price target of $74.
美国银行证券分析师Jason Kupferberg将PayPal Holdings，Inc.（纳斯达克:PYPL）的评级保持为中立，目标价为74美元。
The analyst writes that several announcements in the payments industry highlight the company's ongoing competitive challenges, which resulted in shares retracting much of last week's gains.
分析师写道，支付行业的几项公告突显了该公司持续面临的竞争挑战，导致股价收回了上周的大部分涨幅。
This week, Apple Inc. (NASDAQ:AAPL) kicked off the iOS 18 update, which included a new "Tap to Cash" service.
本周，苹果公司（纳斯达克:AAPL）推出了iOS 18更新，其中包括一个新的“轻松付款”服务。
The analyst expects "Tap to Cash" feature to pose more competition for Venmo than Cash App, considering end-user demographics.
分析师预计，“轻松付款”功能对Venmo的竞争会比Cash App更有影响，考虑到最终用户的人口统计数据。
Moreover, Apple announced plans to integrate Affirm Holdings, Inc.'s (NASDAQ:AFRM) payment products into Apple Pay for U.S. users later this year.
此外，苹果宣布计划将Affirm Holdings，Inc.（纳斯达克:AFRM）的支付产品整合到今年晚些时候的美国苹果支付服务中。
Apart from this, Mastercard Incorporated (NYSE:MA) disclosed that starting in 2030, all of its European card credentials will transition to tokenization, and passkeys will be introduced to replace passwords.
除此之外，万事达国际公司（NYSE:MA）披露，从2030年开始，其所有欧洲卡片凭证都将完成令牌化，并引入一次性密码以取代密码。
The analyst says that although this initiative is long-term, it underscores the ongoing competition for PayPal's core checkout button and its new Fastlane service aimed at guest checkout.
分析师称，尽管这一倡议是长期的，但它强调了PayPal核心结帐按钮及其旨在进行访客结帐的新款Fastlane服务的持续竞争。
Overall, the analyst says that PayPal's new leadership is making sensible strategic moves, with the second quarter tracking ahead of the transaction profit, operating expenses, and EPS plan.
总的来说，分析师表示，PayPal的新领导正在做出明智的战略举措，第二季度跟踪交易利润、营业费用和每股收益计划。
However, PYPL operates in a highly dynamic and complex competitive environment, which may limit the extent of top-line acceleration necessary for significant multiple expansion, writes the analyst.
然而，该分析师写道，PYPL在高度动态和复杂的竞争环境中运营，这可能会限制必要的顶线加速程度以实现显著的多重扩张。
Investors can gain exposure to the stock via Global X FinTech ETF (NASDAQ:FINX) and Amplify ETF Trust Amplify Mobile Payments ETF (NYSE:IPAY).
投资者可以通过Global X FinTech ETF（纳斯达克:FINX）和Amplify ETF Trust Amplify Mobile Payments ETF（纽交所:IPAY）获得该股的曝光。
Also Read: PayPal Gains Momentum: CEO's Optimism, Technical Indicators Signal Bullish Trend
另请阅读PayPal获得动力：CEO的乐观主义、技术指标显示看好趋势
Price Action: PYPL shares are down 1.99% at $63.48 at the last check Wednesday.
价格走势：本周三最终检查时，PYPL股价下跌1.99％至63.48美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明：本文部分内容使用了Benzinga Neuro的帮助。此内容是通过AI工具部分制作的，并由Benzinga编辑进行了审查和发布。
Photo: Lets Design Studio/Shutterstock
照片：Lets Design Studio / Shutterstock