PayPal: The Cheapest, Highest-Quality Tech Stock to Buy in 2024
Nearly 25 years ago, Elon Musk and Peter Thiel disrupted the world with digital payments company (NASDAQ: PYPL). Today, it remains the strongest competitor in a fast-moving industry, and it is by far the cheapest, highest-quality tech stock you can buy in 2024.
The core of PayPal's business comes from the merchants who accept it as a form of payment and the customers who rely on it to pay their bills.
For merchants, the main value of accepting PayPal is it gives a customer the flexibility to pay with their credit/debit card, Venmo, or even competing digital wallets. This reduces friction and makes it easier (and therefore more likely) for a transaction to occur.
Source Fool.com
Paypal Holdings Inc Stock
€53.70
1.690%
The stock is one of the favorites of our community with 59 Buy predictions and 2 Sell predictions.
As a result the target price of 74 € shows a positive potential of 37.8% compared to the current price of 53.7 € for Paypal Holdings Inc.
