3 Reasons to Buy PayPal Stock Like There's No Tomorrow
PayPal Holdings (NASDAQ: PYPL) shareholders have not been having a good time, to say the least. This stock was once a highflier on Wall Street, but it has gotten crushed in recent years. The company's current market capitalization of $60 billion represents a massive 83% discount to its peak valuation of $363 billion, which occurred in July 2021.
Clearly, the market is souring on PayPal. But there's a lucrative opportunity here for long-term investors. Here are three undeniable reasons to buy this fintech stock like there's no tomorrow.
There are lots of companies out there that aren't profitable or that carry unsustainable debt on the balance sheet. Fortunately, PayPal is not one of them. This business is in a strong financial position, which reduces risk for investors.
Source Fool.com
Paypal Holdings Inc Stock
The stock is one of the favorites of our community with 58 Buy predictions and 2 Sell predictions.
As a result the target price of 74 € shows a positive potential of 35.9% compared to the current price of 54.45 € for Paypal Holdings Inc.
