Canaccord Genuity : "Q3 marked another solid quarter of progress in PayPal's business realignment with new CEO Alex Chriss at the helm now for about a year," Vafi wrote in a note. While margins at Braintree improved, this is coming with some contracts being negotiated down in overall volumes, which is a headwind to the top line, he added. Management is focusing on finetuning PayPal's entire product portfolio, "including a new strategy for pricing unbranded checkout, a more streamlined branded checkout experience, expanding TAM beyond ecommerce, and more monetization for Venmo," the analyst stated. These initiatives could generate "profitable payment volume moving forward," he further wrote. Goldman Sachs : PayPal's third-quarter results were broadly in-line with investor expectations, against "a higher bar than in prior quarters," Nance said.