Why PayPal's Latest Move Is a Big Win for Investors

(NASDAQ: PYPL) has taken investors on a bit of a roller coaster ride since it was spun off from eBay and went public in 2015. The stock was a big winner as consumer preferences shifted to digital payments, and the business surged during the pandemic when digital payment adoption accelerated. The past few years have been more difficult for PayPal, and the stock now trades about 77% below its all-time high set in mid-2021.

New CEO Alex Chriss and his team have been working to generate a turnaround, and they seeing some progress. Along with innovating new product offerings for merchants, the fintech has made some significant headway in establishing revenue-generating partnerships with major companies.

Here's why investors should be optimistic about recent developments.

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Source Fool.com