Is PayPal Stock Ridiculously Cheap?
The narrative around (NASDAQ: PYPL) stock has been bearish for a couple of years now. The stock price is off close to 80% from all-time highs set in mid-2021 and was trading under $50 a share at one point back in 2023. Today, the stock trades at around $62. Despite big competition from native e-commerce checkout, Apple and Alphabet's Google Pay, peer-to-peer services, and software providers such as Stripe, PayPal has continued to grow its sales and profits at a steady clip each quarter.
On July 30, PayPal once again reported strong quarterly growth despite this competition narrative, with revenue growing 8% year over year. And yet, the stock still sits at just $62 compared to over $250 a share a few years back. Does that make PayPal stock ridiculously cheap?
Time to take a closer look at this financial technology giant and see whether it belongs in your portfolio today.
Source Fool.com
Paypal Holdings Inc Stock
The stock is one of the favorites of our community with 63 Buy predictions and 3 Sell predictions.
As a result the target price of 75 € shows a positive potential of 33.4% compared to the current price of 56.22 € for Paypal Holdings Inc.
