Better Buy: Block vs. PayPal Stock
Despite strong bullish momentum for the broader market in 2023, many financial technologies stocks have continued to struggle this year. Notably, (NASDAQ: PYPL) has fallen 23% this year while Block (NYSE: SQ) is down 19%. Both stocks are now down about 82% from their respective peaks.
Which of these high-profile fintech companies stands as the better investment opportunity right now? Read on for a look at competing bull cases presented by two Motley Fool contributors.
Parkev Tatevosian: PayPal has done an excellent job of growing and becoming a giant in the payments industry. Indeed, the company has surpassed 400 million active accounts, increased revenue meaningfully over the last decade, and, most importantly, boosted profitability.
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 39.2% compared to the current price of 53.16 € for Paypal Holdings Inc.
