PayPal surges on buyout offer while Apple faces downgrades over China risks and valuation concerns.
PayPal received an upgrade after a surprise buyout offer at a premium, creating an event-driven lift in its stock price outlook. The move contrasts with broader market caution on valuation risks in tech.
ServiceNow saw its rating raised amid a rebound in the software sector, while Apple faced downgrades due to margin pressures from its supply chain shift out of China. Analysts cited overextended valuation and moderated earnings growth expectations.
SanDisk’s recent rally prompted sell-side caution, with concerns over rally exhaustion and exposure to hyperscaler data centers without a clear competitive edge over rivals like Micron.