Daiwa analyst Kazuya Nishimura upgraded PayPal to Outperform from Neutral with a price target of $72, up from $68. Some of the company’s initiatives are “quickly generating visible results,” such as improving profitability for Braintree, the analyst tells investors in a research note. The firm anticipates a positive results release again for Q3, including a guidance beat and upward earnings revision. Should new services like Fastlane as well as marketing investments set for second half of 2024 for PayPal, Venmo, and the like prove successful, investor interest should improve further even from a medium- and long-term standpoint, contends Daiwa.