Nasdaq Bull Market: 1 Top Stock That's a Screaming Bargain Buy Right Now
After a brutal bear market, the Nasdaq Composite Index quietly entered a new bull market at the end of last month, rallying 20% from its bottom. While the index has started to recover, numerous top Nasdaq stocks remain mired in a bear market. Because of that, many still look like compelling investment opportunities, including (NASDAQ: PYPL).
While shares of the financial technology company have rallied about 11% from their bottom, they could have a long way to run since they're still down by a third from their peak. That slump has it trading at a bargain-basement valuation. With the company buying back its shares hand over fist, PayPal stock looks like a screaming buy right now as the Nasdaq appears to be in the early stages of a bull-market run.
PayPal faced its share of headwinds last year. That's evident in its earnings decline. Non-GAAP earnings slumped 10% to $4.13 per share in 2022. PayPal's bloated cost structure and the absence of a benefit from credit-loss reserves negatively impacted earnings.
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 36.99% compared to the current price of 54.02 € for Paypal Holdings Inc.
