Why PayPal Stock Crashed and Burned Thursday Morning
Shares of PayPal Holdings (NASDAQ: PYPL) slumped out of the gate Thursday, falling as much as 12.1%. As of 12:09 p.m. ET, the stock was still down 11.6%.
The catalyst that sent the fintech company's shares tumbling was its Q2 financial report. While some metrics showed improvement, others gave investors pause.
For the second quarter, PayPal generated net revenue of $7.3 billion, up 7% year over year and 8% on a constant currency basis. This resulted in adjusted earnings per share (EPS) of $1.16, up 24%.
Source Fool.com
Paypal Holdings Inc Stock
€65.54
0.460%
The stock is one of the favorites of our community with 70 Buy predictions and 3 Sell predictions.
As a result the target price of 75 € shows a slightly positive potential of 14.43% compared to the current price of 65.54 € for Paypal Holdings Inc.
