Veeva Analyst Changes Stance; Check Out the Top 5 Downgrades for Friday
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 12 2025
0mins
Should l Buy PYPL?
Source: Benzinga
Analyst Downgrades: Keybanc downgraded Veeva Systems from Overweight to Sector Weight, while Baird downgraded PayPal from Outperform to Neutral, reducing its price target significantly.
Valero Energy and Forge Global: Mizuho downgraded Valero Energy from Outperform to Neutral but raised its price target slightly, and Citizens downgraded Forge Global from Market Outperform to Market Perform.
BOK Financial Rating Change: Hovde Group downgraded BOK Financial Corp from Outperform to Market Perform, reflecting a shift in analyst sentiment.
Current Stock Prices: As of Thursday, Veeva shares closed at $229.49, PayPal at $61.69, Valero at $171.91, Forge Global at $44.45, and BOK Financial at $120.56.
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Analyst Views on PYPL
Wall Street analysts forecast PYPL stock price to rise
29 Analyst Rating
6 Buy
19 Hold
4 Sell
Hold
Current: 46.380
Low
51.00
Averages
72.86
High
100.00
Current: 46.380
Low
51.00
Averages
72.86
High
100.00
About PYPL
PayPal Holdings, Inc. offers a technology platform. The Company’s products are designed to enable digital payments and simplify commerce experiences for consumers and merchants to make selling, shopping, and sending and receiving money simple, personalized, and secure, online or offline, including mobile. It provides consumers with a digital wallet that enables them to send payments to merchants securely using a variety of funding sources, which include a bank account, a PayPal or Venmo account balance, its consumer credit products, a credit card, a debit card, certain cryptocurrencies, or other stored value products. It operates a global, two-sided network at scale that connects consumers and merchants with 434 million active accounts across approximately 200 markets. Its brands include PayPal, Braintree, Venmo, Xoom, Hyperwallet, PayPal Zettle, PayPal Honey, and Paidy. It offers financing products through the PayPal Working Capital (PPWC) and PayPal Business Loan (PPBL).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Severe Stock Reaction: Following the earnings report on February 3, 2026, PayPal's stock opened sharply lower, declining between 18% and 19% intraday, dropping from a pre-announcement price of $55.51 to the $42-$43 range, indicating strong selling pressure from investors.
- Analyst Downgrades: Prior to the earnings release, both Rothschild & Co Redburn and Morgan Stanley downgraded PayPal's price target to $50, highlighting concerns over its growth prospects, which further exacerbated negative sentiment in the market.
- Poor 2026 Guidance: PayPal projected low single-digit revenue growth and mid-single-digit declines in adjusted EPS for 2026, significantly below prior market expectations, increasing investor anxiety about the company's future performance.
See More
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- Executive Share Sale: On March 3, 2026, Suzan Kereere, President of Global Markets at PayPal, sold 13,515 shares, which may indicate a cautious outlook on the company's future performance, although specific reasons remain undisclosed.
- Potential Market Impact: Such executive sales often raise concerns about the company's prospects, potentially leading to a decline in investor confidence and negatively affecting PayPal's stock price.
- Shareholding Change Analysis: Kereere's sale may reflect personal financial planning or an assessment of market conditions, prompting investors to monitor subsequent shareholding changes to gauge confidence in the company's future.
- Corporate Governance Transparency: Executive share movements warrant attention, and PayPal should enhance information disclosure to maintain investor trust and ensure transparency in corporate governance.
See More
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- Legal Investigation: Faruqi & Faruqi, LLP is investigating potential claims against PayPal, particularly for investors who purchased securities between February 25, 2025, and February 2, 2026, urging them to seek lead plaintiff status by the April 20, 2026 deadline, thereby providing legal support for affected investors.
- Poor Financial Performance: PayPal's fourth quarter results announced on February 3, 2026, revealed earnings and revenue that fell short of expectations, leading to a 20.31% drop in stock price, losing $10.63 per share, which raised concerns among investors regarding the company's future growth potential.
- Executive Departure Impact: The departure of CEO Alex Chriss has further exacerbated market unease, undermining investor confidence in the company's management and potentially leading to more cautious investment decisions in the future.
- Investor Rights Protection: Faruqi & Faruqi encourages anyone with knowledge of PayPal's conduct, including whistleblowers and former employees, to contact the firm to provide more information and support for affected investors, ensuring their rights are protected.
See More
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- Trump's Support: Trump publicly supports crypto firms on social media, urging banks to relent on stablecoin yield issues, a stance that could sway Republican votes and facilitate the passage of the Clarity Act.
- Market Reaction: Following Trump's endorsement, Coinbase shares surged by 11% in early trading on Wednesday, while shares of JPMorgan and Bank of America fell by less than 1%, reflecting market optimism towards the crypto sector.
- Bank Concerns: Executives from JPMorgan and Bank of America warned that allowing yields on stablecoins could lead to a loss of up to $6.6 trillion in deposits, destabilizing smaller banks and affecting their lending capabilities.
- Industry Meetings: Trump has hosted a series of meetings at the White House to broker a deal between crypto firms and banks, and while banks have yet to relent, his support may bring new hope to the crypto industry.
See More
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Trump's Comments on Cryptocurrency Regulation: Donald Trump criticized banks for hindering cryptocurrency regulation in the U.S., emphasizing the urgency of finalizing the CLARITY Act to maintain the U.S. as the global cryptocurrency capital and prevent a shift in power to China.
Stalemate on CLARITY Act: The White House has not reached a resolution regarding the CLARITY Act, which is intended to facilitate a deal between the cryptocurrency industry and banks, despite a self-imposed deadline of March 1.
OCC Guidelines on Stablecoins: The Office of the Comptroller of the Currency (OCC) released guidelines that could restrict third parties from offering rewards on U.S. Dollar Coin (USDC), potentially limiting the market for stablecoin issuers.
Steady Cryptocurrency Market: The overall cryptocurrency market remains stable amid U.S.-Iran tensions, with Bitcoin trading around $68,300, while retail sentiment has shifted from extremely bearish to bullish over the past day.
See More
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- Regulatory Call: Jamie Dimon stated at a Miami conference that crypto firms paying interest on stablecoin balances should adhere to the same regulations as banks, a stance that could significantly impact compliance and operational models within the crypto industry.
- Industry Clash: The confrontation between Dimon and Coinbase CEO Brian Armstrong highlights the tension between crypto platforms and traditional banks, with Armstrong advocating for minimal oversight while Dimon warns that lack of regulation could harm the public.
- Legislative Stalemate: The CLARITY Act, a key piece of legislation from the Trump administration, failed to meet its March 1 deadline due to disputes over stablecoin yields, with Coinbase withdrawing support amid concerns over restrictions, leading to stalled negotiations between banks and crypto executives.
- Market Performance: Coinbase shares have plummeted over 50% from their July 2025 all-time high, with Q4 revenue falling 22% year-over-year to $1.78 billion, missing expectations, reflecting the volatility and uncertainty in the crypto market.
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