What’s next for PayPal stock after its CEO announced retirement?

PayPal Holdings Inc (NASDAQ: PYPL) is in focus on Friday after the digital payments giant reported better-than-expected profit for its fiscal fourth quarter.

Should you buy PayPal stock?

The multinational is now calling for $4.87 of adjusted per-share earnings this year that also topped $4.79 a share that experts had forecast. Still, Macquarie Capital’s Paul Golding said on Yahoo Finance:

He did, however, stock to his outperform rating on the PayPal stock. Golding’s new price target of $115 still represents about a 50% upside from here.

CEO Dan Schulman is retiring

More importantly, CEO Dan Schulman announced plans of stepping down by the end of the current year. He will, however, remain on the company’s board. PayPal is yet to announce a successor. Golding added:

For the year, PayPal stock is currently up roughly 5.0%.

PayPal adds 2.9 million new accounts

Last month, PayPal revealed plans of lowering its headcount by about 7.0%. Costs related to restructuring, it said last night, would result in about a $100 million charge in Q1.

Net new adds were 2.9 million in the recent quarter. PayPal now has 435 million total active accounts – up 2.0% for the year. Golding also said:

Notable figures in PayPal’s earnings print

• Earned $921 million versus the year-ago $801 million
• Per-share earnings climbed from 68 cents to 81 cents
• Adjusted EPS printed at $1.24 as per the press release
• Revenue jumped 7.0% year-on-year to $7.38 billion
• Consensus was $1.20 of EPS on $7.39 billion revenue
• $357.4 billion of TPV was slightly below estimates