Is Now the Right Time to Buy PayPal Stock?
The S 500 is up close to 20% this year, a fantastic feat that brings it nearly up to its previous high from the end of 2021 and is bringing it ever closer toward a bull market.
But the S 500 is only an index, or an average of 500 different stocks. It presents a good idea of how the overall market is performing, but it's not representative of every stock on the market. So while many stocks are soaring this year, a similar number are doing about average in performance, or even declining.
(NASDAQ: PYPL) stock is up a mere 4% in 2023, and it's down almost 15% over the past year. The market clearly isn't enthused about PayPal right now. But that might present forward-thinking investors with an opportunity. Should you swim against the tide and buy PayPal stock right now?
Source Fool.com
Paypal Holdings Inc Stock
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 35.9% compared to the current price of 54.45 € for Paypal Holdings Inc.