Here's Why PayPal Stock Dropped Another 11% Last Month
Shares of PayPal Holdings (NASDAQ: PYPL) dropped 11.4% in October, according to data provided by S&P Global Market Intelligence. It feels like the downtrend will never end. As of this writing, PayPal stock is down 27% year to date after falling 63% in 2022.
Judging by the returns of the Global X FinTech ETF, it seems investors aren't keen on fintech stocks right now in general, which doesn't help PayPal stock. But PayPal's business may not be living up to its full potential, as I'll explain.
Source Fool.com
Paypal Holdings Inc Stock
€54.40
1.300%
With 58 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 36.03% for Paypal Holdings Inc compared to the current price of 54.4 €.
