Wall Street Cuts Ratings on PayPal, Criteo, and Three Others Thursday

Benzinga reported Thursday that five prominent stocks received analyst downgrades, with PayPal Holdings drawing the most attention after Macquarie shifted its stance from bullish to neutral.

Macquarie Pulls Back on PayPal

Macquarie analyst Paul Golding moved PayPal Holdings Inc. (NASDAQ: PYPL) from Outperform to Neutral. He also trimmed his price target sharply, dropping it from $58 to $50. PayPal shares had closed the prior session at $46.26, sitting well below that revised target. The move signals reduced conviction in the payments giant’s near-term upside.

Wells Fargo Halves Its Criteo Target

The steepest price-target cut of the day fell on Criteo S.A. (NASDAQ: CRTO). Wells Fargo analyst Alec Brondolo downgraded the ad-tech firm from Overweight to Equal-Weight. His revised price target of $18 represents a dramatic reduction from the prior $34. Criteo had closed Wednesday at $15.86, leaving almost no cushion beneath the new target.

B of A and BTIG Move on Smaller Names

Bank of America Securities analyst Koji Ikeda downgraded analytics software company Amplitude Inc. (NASDAQ: AMPL) from Buy to Neutral. He cut his price target from $10 to $8. Amplitude had closed Wednesday at $7.52. Separately, BTIG analyst Marie Thibault removed her Buy rating on radiation-oncology equipment maker Accuray Inc. (NASDAQ: ARAY), shifting to Neutral. Accuray finished the prior session at $0.48.

Background: A Cautious Season for Ratings

Analyst downgrades have accelerated across sectors in recent weeks. Macro uncertainty, tariff concerns, and softer-than-expected guidance cycles have pushed several firms to reassess previously optimistic outlooks. Ratings cuts rarely occur in isolation. They tend to cluster around earnings seasons or macro inflection points, and Thursday’s batch reflects that pattern clearly.

Angi Also Loses Its Overweight Tag

Angi Inc. (NASDAQ: ANGI) rounded out the five downgrades. Keybanc analyst Sergio Segura moved the home-services marketplace from Overweight to Sector Weight, offering no revised price target. Angi had closed the prior session at $4.79. The removal of an Overweight designation signals the analyst sees the risk-reward as no longer skewed in investors’ favor.

Across the five names, the common thread is caution. Analysts are tightening expectations heading into a volatile summer trading period.

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