Marriott, Fortinet And A Major Payment Processing Platform That's A 'Huge Value Trap': CNBC's 'Final Trades'

On CNBC’s "Halftime Report Final Trades," Josh Brown of Ritholtz Wealth Management said avoid PayPal Holdings, Inc. (NASDAQ: PYPL) and added that the stock is a "huge value trap."

PayPal Holdings tapped Intuit’s Alex Chriss as CEO, effective Sept. 27, 2023. Chriss will also join the Board on that date.

Analysts have a consensus Buy rating on PayPal, according to Benzinga's analyst ratings data.

Stephanie Link of Hightower said she is a buyer of Fortinet, Inc. (NASDAQ: FTNT).

Fortinet recently reported second-quarter earnings results and provided weak guidance.

Joseph Terranova of Virtus Investment Partners named Marriott International, Inc. (NASDAQ: MAR) as his final trade. The stock was recently downgraded and "I disagree with the downgrade," he added.

Marriott recently reported better-than-expected second-quarter results and issued strong FY23 guidance. Bernstein analyst Richard Clarke downgraded Marriott from Outperform to Market Perform and raised the price target from $204 to $218.

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Price Action: Fortinet shares fell 0.8% to settle at $59.17, while Marriott shares slipped 0.4% to close at $206.00 on Tuesday. PayPal shares dipped 6% to settle at $59.47 on Tuesday.

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