1 Dirt Cheap Stock I Can't Stop Buying
(NASDAQ: PYPL) is down by about 80% from its 2021 highs, and to be fair, there are some good reasons why. At that point, the company's leadership was telling investors that the platform would reach 750 million active users within the next few years (it was around 400 million at the time).
Not only did that turn out to be unachievable, but PayPal's active user base completely stagnated -- and continues to slowly decline. In addition, there are justifiable concerns about finding other ways to grow the business beyond what the existing PayPal and Venmo platforms already offer.
However, there's a solid argument to be made that PayPal could be an incredible value at the current price. Here's what I'm watching, and why I've been scooping up shares in my brokerage account.
Source Fool.com
Paypal Holdings Inc Stock
The stock is one of the favorites of our community with 59 Buy predictions and 2 Sell predictions.
As a result the target price of 74 € shows a positive potential of 37.8% compared to the current price of 53.7 € for Paypal Holdings Inc.
