PayPal Stock (PYPL) Slides After Morgan Stanley Downgrade: PayPal Bank Charter Bid, “Agentic Commerce” Debate, and 2026 Analyst Forecasts (Dec. 18, 2025)
PayPal Holdings, Inc. (NASDAQ: PYPL) is back in the market’s spotlight on Thursday, December 18, 2025—and not in the comfy, “everyone agrees what this company is” way. Shares traded around $60 today, down roughly 2% on the session, leaving PayPal near the lower end of its 52‑week range as investors weigh a fresh analyst downgrade against a string of strategic moves that could reshape the company’s business model. Yahoo Finance The near-term catalyst is clear: Morgan Stanley downgraded PayPal to Underweight from Equalweight and cut its price target to $51 from $74, arguing that a mix of execution challenges and