PayPal Just Gave You 44 Billion Reasons to Buy Its Stock
Although it's often forgotten, PayPal (NASDAQ: PYPL) is still a force to be reckoned with in the digital payments space. Despite the service's widespread use, the stock has been atrocious over the past few years, which has caused many shareholders to exit their positions.
However, a new arrangement may have given PayPal's stock the fuel it needs to head higher. So is PayPal worth buying here? Or is this deal just a distraction from something bigger going on? Let's find out.
On June 20, PayPal announced that it will sell KKR (NYSE: KKR) up to 40 billion euros ($44 billion U.S. dollars) in buy now, pay later loans from a handful of European countries. PayPal elaborated that this deal was already included in the guidance it gave investors during its Q1 earnings release but also indicated it would increase its share repurchases by an extra $1 billion.
Source Fool.com
Paypal Holdings Inc Stock
With 68 Buy predictions and 3 Sell predictions Paypal Holdings Inc is one of the favorites of our community.
With a target price of 75 € there is a slightly positive potential of 14.45% for Paypal Holdings Inc compared to the current price of 65.53 €.
