3 Reasons to Buy PayPal, and 1 Reason to Sell
PayPal (NASDAQ: PYPL) stock has lost a third of its value since it hit a 52-week high back in July. Mixed reports in the second and third quarters, along with soft guidance for the current period, sparked concerns about its goal of more than doubling annual revenue by 2025.
Other factors -- including PayPal's rumored deal negotiations with Pinterest, a Department of Justice probe of the company's relationship with Visa, and an inflation-fueled sell-off in tech stocks -- exacerbated the situation.
But have investors overreacted to PayPal's near-term challenges? Let's review three reasons to buy PayPal -- as well as one reason to sell it -- to decide.
Source Fool.com
