After a Solid Start to 2023, Is PayPal Stock Still a Buy?
Despite a very challenging economy and a global consumer base that's still struggling with the effects of inflation, PayPal (NASDAQ: PYPL) put up solid growth to kick off 2023. Revenue and adjusted earnings per share (EPS) grew a respective 9% and 33% year over year in Q1 2023, and the outlook for profitability for the rest of the year got an upgrade as a result.
But even the mention of artificial intelligence (AI) being used to boost profit margins wasn't good enough to appease the market. PayPal's stock price tumbled more than 10% the day following the quarterly update.
Yet this fintech stock remains incredibly cheap by some metrics. Is it still a buy?
Source Fool.com
Paypal Holdings Inc Aktie
61,68 €
-0,36 %
Die Paypal Holdings Inc Aktie genießt hohe Beliebtheit: Mehr Buy- (66) als Sell-Einschätzungen (4).
Das durchschnittliche Community-Kursziel von 75 € für Paypal Holdings Inc impliziert eine Steigerung von über 20% gegenüber 61.68 €.
