PayPal Holdings, Inc. (NASDAQ:PYPL) was downgraded by Baird and BofA Securities on December 12 and 11, respectively. Baird cited “uneven” transaction volumes in Q4 and sees another investment cycle ahead in 2026. BofA highlighted slower growth in the core branded business and a drop in branded checkout growth for Q4.

Baird and BofA downgraded PayPal Holdings (PYPL) due to slow growth in the core business and lower-than-expected transaction volumes. Baird believes the stock will remain range-bound until market share gains are posted, while BofA sees 2026 as an investment year for the company.

PayPal Holdings, Inc. (NASDAQ:PYPL) operates a global online payment system with digital payment solutions in around 200 markets. The company has over 400 million consumer and merchant accounts and offers faster innovation under new management.

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Read more at Yahoo Finance: Baird and BofA Downgrade PayPal Holdings (PYPL)