Can PayPal Double in 5 Years? Here's What It Would Take.
It's been excruciatingly painful to be a (NASDAQ: PYPL) shareholder. Not only is the stock trading down 20% so far in 2023, but it currently sits 81% below its all-time high price, which was established in July 2021.
However, it might not all be bad news. This business is still putting up solid growth. And it has an attractive position in the payments industry.
Bullish investors are probably wondering if the fintech stock can double over the next five years. It's certainly a likely scenario, in my opinion. Let's look at what needs to happen for PayPal to put up that kind of impressive return.
Source Fool.com