PayPal Stock Looks Like a Bargain. Is It Time to Buy?
Shares of (NASDAQ: PYPL) are trading for 76% less than the peak price they reached nearly two years ago. But that doesn't necessarily make it a smart stock to buy. The stock is down because the payment processor's earnings also declined from their previous peak.
Even experienced investors can sometimes forget that no matter how far a stock has already fallen, it can keep falling until it reaches zero. If PayPal's earnings start contracting again, investors who buy the stock now, at what looks like a bargain price could still suffer significant losses.
Let's take a quick look at how well PayPal's underlying business is performing to see if the stock market is responding rationally to the company's earnings contraction.
Source Fool.com
Paypal Holdings Inc Stock
€54.45
1.430%
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 35.9% compared to the current price of 54.45 € for Paypal Holdings Inc.
