Going Bargain Hunting? PayPal Is the Best Beaten-Down Stock to Buy in 2024, but Only If You Believe 1 Thing.
Thanks to the remarkable performance of the so-called "Magnificent Seven" stocks, it seems like the major market indexes continue to hit fresh all-time highs with each passing day. Investors might struggle to find attractive buying opportunities when bullish sentiment prevails.
Not all companies have rallied amid market enthusiasm. Just look at (NASDAQ: PYPL). Shares of the digital payments pioneer are down 81% from their peak price. In 2023, they dipped 14%, as the Nasdaq Composite index surged 43%.
Despite its terrible performance, this beaten-down fintech stock might just be the best business to add to your portfolio in 2024. That's only if you believe one very important thing.
Source Fool.com
Paypal Holdings Inc Stock
€53.70
1.690%
With 59 Buy predictions and 2 Sell predictions Paypal Holdings Inc is one of the favorites of our community.
With a target price of 74 € there is a positive potential of 37.8% for Paypal Holdings Inc compared to the current price of 53.7 €.
