Why PayPal Could Explode Higher in 2024
(NASDAQ: PYPL) was once one of the best-performing stocks around. The pandemic and a rise in online shopping helped drive superb growth, leading to monster gains in 2020.
But since this leading fintech stock peaked in July 2021, it's been a disappointing story. It currently sits 80% below that record high. And even in 2023, the shares have declined 13% (as of Dec. 21), which is upsetting given the market's healthy gains.
Better days might be on the horizon. There are reasons to believe that PayPal could explode higher in 2024.
Source Fool.com
Paypal Holdings Inc Stock
€53.42
1.270%
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 38.52% compared to the current price of 53.42 € for Paypal Holdings Inc.
