Is PayPal Holdings, Inc. a Buy?
Shares of PayPal (NASDAQ: PYPL) have surged more than 60% this year, fueled by a streak of double-digit sales and earnings growth at the online payments platform provider. But with the stock now hovering near all-time highs, is it too late for investors to jump aboard? Let's examine PayPal's growth rates, tailwinds, headwinds, and valuation to find out.
PayPal's total number of active customer accounts rose 12% annually to 210 million last quarter. Total transactions grew 23% to 1.8 billion, and each active account logged an average of 32.3 transactions over the past 12 months -- a 10% jump from the prior year.
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Source: Fool.com