History Says That Right Now is a Perfect Time to Buy PayPal Stock
In the third quarter of 2021, PayPal Holdings (NASDAQ: PYPL) added roughly 13 million new net accounts compared to the previous quarter. Moreover, user engagement also increased. Right now, users are interacting with a PayPal product 44.2 times per year on average, up from 43.5 times last quarter.
User growth and user engagement are two trends Fool contributors Jon Quast, Jason Hall, and Danny Vena talked about in this video from Motley Fool Backstage Pass. It was recorded on Nov. 1, prior to these Q3 results from PayPal, but the trends they liked with this business have continued. And considering the stock has fallen further from the time of the video, it's likely these Fools think PayPal stock is an even better buy today than it was a couple weeks ago.
Source Fool.com
