PayPal (PYPL) is down over 2% on the downgrade and price cut by Canaccord Genuity. The analyst sees risk from Apple and Android Pay impacting total payment volume growth. Previously, Craig-Hallum started the stock with buy rating for the very reason that the online payment options aren't likely to impact growth rates. The stock is very reasonably priced around $40 trading at 23x forward EPS estimates. The best hope is that PayPal pulls back a couple of bucks for a better entry point. The stock appears set for a breakout once the stock gets above $41 with plenty of support down around $38. Disclosure: Long AAPL