Will PayPal Be a Trillion-Dollar Stock by 2030?
The rise of PayPal (NASDAQ: PYPL) since its spinoff from eBay has rapidly turned the online payments giant into a mega-cap stock valued at almost $300 billion. Given that increase and the rising number of tech stocks that have achieved a $1 trillion market cap, it may leave investors wondering when a fintech stock such as PayPal can reach that point. Let's take a closer look at the business and its financials to evaluate whether PayPal can achieve that milestone by 2030.
PayPal played a significant role in pioneering the fintech industry in the 1990s, making digital payments possible. The expanding fintech environment and a long period as a subsidiary of eBay have not stopped PayPal from becoming an industry leader. Since its 2015 spinoff, the stock has risen by nearly 600%. As a result, some analysts think that smart investors should buy it hand over fist.
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Source Fool.com
