Shares of (NASDAQ: PYPL) have fallen out of favor with investors, down 79% from their all-time high as of this writing. The business was booming during the worst days of the coronavirus pandemic, but with consumer behavior normalizing and economies reopening, PayPal is seeing growth slow dramatically.
Is it time for investors to ditch the stock? Or is this top fintech company worthy of a place in your portfolio? Let's take a closer look.
What's strikingly clear is that the monster growth we saw PayPal post in 2020 and 2021 might never be achieved again. The business increased revenue 8.5% in 2022, while adding just 8.6 million net new active accounts, a far cry from the previous two years. And in the first three months of this year, PayPal's user base shrank slightly from December of last year. Does that mean the platform has reached its full potential?
Source Fool.com