PayPal Holdings (PYPL 3.80%) is the original fintech company, with a robust digital payments system and merchant services. However, it was slow to innovate and seemed to be losing ground to competitors over the past few years.
PayPal's (PYPL 0.76%) stock closed at an all-time high of $308.53 on July 23, 2021. At the time, the pandemic was generating strong tailwinds for its business as more people shopped online and used digital payments.
PayPal (PYPL -5.21%) is benefiting from renewed investor sentiment. Shares have jumped 41% since early July last year.
Shares of financial technology company PayPal (PYPL -5.21%) were up 39% in 2024, according to data provided by S&P Global Market Intelligence, compared to just a 23.3% return for the S&P 500.
Sometimes, a new CEO can be a game-changer for a company. Alex Chriss, formerly of Intuit, took the reins at PayPal Holdings (PYPL -5.21%) in September 2023.
Financial technology (fintech) is a fast-growing segment of the broader financial sector, and revenue generated by companies in this space could be massive. Estimates from BCG put the global fintech market at $1.5 trillion in sales by 2030.
In the closing of the recent trading day, Paypal (PYPL) stood at $87.94, denoting a -0.03% change from the preceding trading day.
I'm reaffirming my "Buy" rating on PayPal Holdings due to its strong recovery, undervaluation, and growth potential in the fintech industry. PayPal's Q3 2024 results showed significant improvements in unit economics, with a 9% YoY increase in payment volume and strong engagement in branded checkout and Venmo. Despite fierce competition, PayPal's market share remains robust, with promising growth prospects in digital payments and cryptocurrency services.
Recently, Zacks.com users have been paying close attention to Paypal (PYPL). This makes it worthwhile to examine what the stock has in store.
Online influencers who make money off promoting products online are getting played by one of Silicon Valley's iconic technology companies, a new lawsuit claims.
Paypal (PYPL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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