After a Solid Start to 2023, Is PayPal Stock Still a Buy?
Despite a very challenging economy and a global consumer base that's still struggling with the effects of inflation, PayPal (NASDAQ: PYPL) put up solid growth to kick off 2023. Revenue and adjusted earnings per share (EPS) grew a respective 9% and 33% year over year in Q1 2023, and the outlook for profitability for the rest of the year got an upgrade as a result.
But even the mention of artificial intelligence (AI) being used to boost profit margins wasn't good enough to appease the market. PayPal's stock price tumbled more than 10% the day following the quarterly update.
Yet this fintech stock remains incredibly cheap by some metrics. Is it still a buy?
Source Fool.com
Paypal Holdings Inc Stock
€54.21
-0.440%
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 36.51% compared to the current price of 54.21 € for Paypal Holdings Inc.
