Wells Fargo Enumerates Several Bottlenecks for PayPal, Reiterates Overweight Rating

Wells Fargo Enumerates Several Bottlenecks for PayPal, Reiterates Overweight Rating
The logo of online payment company PayPal during LeWeb 2013 event in Saint-Denis near Paris on Dec.10, 2013. Eric PiermontI /AFP via Getty Images
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Wells Fargo analyst Jeff Cantwell’s post-conference call with  PayPal Holdings, Inc. listed multiple challenges for PayPal going forward.

They saw that the competition had increased significantly for PayPal across its merchant and consumer businesses due to advances made by others, including Adyen N.V., Stripe, and Apple Inc., fueling doubts about the sustainability of PayPal’s moat.