PayPal's stock fell, on Wednesday, by more than 4% after Bernstein analysts rated the stock from (buy) to (hold).
Bernstein analysts lowered the target price for PayPal's stock from $260 to $220, down 15.4%, which cast a negative shadow on the stock price yesterday.< /p>
Bernstein analysts have pointed to concerns that PayPal faces a wide range of risks, according to CNBC Arabia.
Paypal's shares are down 13% this year, while the Nasdaq Composite is up 25%.
Bernstein analysts are concerned about the increasing focus of e-commerce around large platforms such as Shopify and Amazon, which account for 32% of the US e-commerce market. .
Shopify is emerging as an indispensable competitor in the small and medium business market, and poses an additional risk as it launches its own payments platform, analysts said.
