美国银行在特朗普第二任期前下调SoFi、Capital One评级，升级PayPal

Bank of America Securities is taking a more selective approach toward the payments sector on Donald Trump's second term than his first, the firm said Monday. Since BofA's last year-ahead report, which mapped out a path out of the sector's two-year rut, many payment stocks have re-rated.

BofA upgraded PayPal Holdings (NASDAQ:PYPL) and TaskUs (NASDAQ:TASK) and downgraded SoFi Technologies (NASDAQ:SOFI) and Capital One (NYSE:COF). The firm's top payments idea is Block (SQ), calling it a "US-centric re-acceleration story."

PayPal (NASDAQ:PYPL), upgraded to Buy from Neutral, is set for further turnaround progress, upside potential to '25/'26 transaction profit estimates, potential for better "modest improvement" in branded volumes, and favorable investor positioning. BofA boosts its price target to $103 from $86.

PayPal Holdings (PYPL) stock jumped 2.5% in Monday premarket trading.

TaskUs (NASDAQ:TASK) moves to Buy from Neutral "as material + sustainable" revenue growth acceleration "may be closer than expected" and FY25 revenue growth guidance could be ahead of the Street consensus, the analysts said.

TaskUs (TASK) stock gained 2.3%.

BofA downgraded SoFi (NASDAQ:SOFI) to Underperform from Neutral after its shares more than doubled in the past three months. "Valuation has now gotten ahead of fundamentals." In addition, the company's guidance through 2026 implies less favorable risk/reward at current levels, the analysts said.

SoFi (SOFI) stock dropped 1.9% in premarket trading.

Capital One Financial (NYSE:COF) was cut to Neutral from Buy, after its shares rallied on a higher likelihood that its merger with Discovery Financial (DFS) will close under a Trump administration. "Execution is strong, but at current valuation risk/reward is more balanced," BofA analysts said.

Capital One (COF) stock was unchanged.

Among the five stocks mentioned  in the note, the SA Quant system rates PayPal (PYPL), Block (SQ), and Capital One (COF) Strong Buys, with Hold ratings on TaskUs (TASK) and SoFi (SOFI). The average SA Analyst rating is Buy for PYPL, SQ, SOFI, and COF, with a sole Analyst rating TASK Hold.