PayPal: Cheap Enough To Be Wrong And Still Make Money

PayPal (PYPL) remains a Buy with a reiterated $70 price target, despite operational challenges and a transition year ahead. Q1 results showed revenue up 7% to $8.4B and double-beat EPS, but margin pressure and Branded Checkout weakness persist. Strategic reorganization targets cost savings and renewed focus on Branded Checkout and Venmo, with $1.5B in cost cuts planned over three years.