3 Things About PayPal That Smart Investors Know
(NASDAQ: PYPL) is one of the world's largest digital payment platforms. It initially went public in 2002, was acquired that same year by eBay (NASDAQ: EBAY), then spun off again as an independent company in 2015.
PayPal's stock has risen 65% since that spin-off as eBay's stock advanced 58%. However, PayPal's stock has also plunged a whopping 80% after closing at its all-time high of $308.53 on July 23, 2021. The fintech giant lost its luster as its growth cooled off in a post-pandemic market, it abandoned its ambitious long-term expansion plans, and rising interest rates popped its bubbly valuations. Inflationary headwinds and its decoupling from eBay -- which replaced PayPal with Adyen (OTC: ADYE.Y) as its main payment processor over the past five years -- exacerbated that painful slowdown.
Image source: PayPal.
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.
