Is PayPal Stock a Buy?
Considering all of the investor interest in (NASDAQ: PYPL) stock, it might be surprising to hear that it's only gained 67% since it spun off from eBay in 2015, or about half of the S 500's gain over the same period. That's pretty depressing for shareholders.
It hasn't always been this way. PayPal stock was beating the market for a long time before it plunged over the past two years. Why is the market so down on PayPal now? And does this recent underperformance present an opportunity?
PayPal is the leading digital payments company, with $1.5 trillion in total payment volume (TPV) over the trailing 12 months. TPV increased 15% year over year in the 2023 third quarter. It operates a double-sided business, counting TPV from merchant payments as well as peer-to-peer payments through PayPal and Venmo.
Source Fool.com
Paypal Holdings Inc Stock
The stock is one of the favorites of our community with 64 Buy predictions and 4 Sell predictions.
As a result the target price of 75 € shows a positive potential of 21.67% compared to the current price of 61.64 € for Paypal Holdings Inc.
