I've Held PayPal Stock Since It Went Public in 2015. Here's Why I Might Sell in 2024.
In 2015, eBay spun off (NASDAQ: PYPL) into its own publicly traded company. As an investing novice at the time, I didn't fully understand how it worked. So I bought shares of eBay beforehand so that I'd own shares of PayPal on Day 1. After the spinoff, I sold the eBay stock.
My investment thesis for PayPal was simplistic back then. I simply saw that cash transactions were falling and that digital payments were rising, to PayPal's benefit. And I also saw that the company generated a lot of free cash flow.
I figured PayPal's top-dog position in a growing market would lead to much higher profits down the road, boosting the stock price.
Source Fool.com
Paypal Holdings Inc Stock
€54.40
1.300%
With 58 Buy predictions and 2 Sell predictions Paypal Holdings Inc is one of the favorites of our community.
With a target price of 74 € there is a positive potential of 36.03% for Paypal Holdings Inc compared to the current price of 54.4 €.
