Why PayPal Stock Dropped 14% Last Year in Spite of the Market's Stellar Performance
Shares of financial-technology (fintech) pioneer PayPal (NASDAQ: PYPL) dropped 13.8% in 2023, according to data provided by S&P Global Market Intelligence. And late in the year, the stock was even down as much as 29% before rallying slightly during the last couple of months.
Looking at the full-year chart is helpful in identifying the defining moments of 2023 for PayPal. As seen below, the stock had outsized drops in February, May, and August, which coincides with releasing quarterly financial results.
Source Fool.com
Paypal Holdings Inc Stock
€53.31
1.060%
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 38.81% compared to the current price of 53.31 € for Paypal Holdings Inc.
