PayPal Holdings Inc. (PYPL)
PayPal Stock Eyes Best Day in Years on Beat-and-Raise
PayPal Holdings Inc (NASDAQ:PYPL) stock is up 8.8% at $64.13 at last glance, headed for its best day since November 2022, after the company's better-than-expected second-quarter results and positive 2024 forecast.
PayPal's Earnings Report Makes Me Even More Bullish
Execution is key; the stock will eventually follow.
Paypal (PYPL) Q2 Earnings and Revenues Top Estimates
Paypal (PYPL) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $1.16 per share a year ago.
Here's why PayPal stock is surging
After posting an impressive beat in its Q2 earnings report, PayPal (NASDAQ: PYPL) stock has surged 7.06% in the pre-market trading.
Wall Street Analysts Believe Paypal (PYPL) Could Rally 27.17%: Here's is How to Trade
The mean of analysts' price targets for Paypal (PYPL) points to a 27.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
3 Reasons to Buy PayPal Stock Like There's No Tomorrow
PayPal has a strong balance sheet and rakes in billions of free cash flow. As a two-sided platform, PayPal benefits from network effects.
Should Investors Buy PayPal Stock Before July 30?
PayPal has already increased profit expectations for 2024, and it's reasonable to expect it to do so again on July 30.
PayPal Q2 Preview: Apple's Not A Threat
PayPal's stock declined following Apple's WWDC announcements introducing competing BNPL services from Affirm, but market reaction may be misguided. PayPal's recent enhancements, strong financial health, and potential for earnings beat suggest a rebound is possible despite competitive pressures. The recent EU ruling requiring Apple to open their NFC technology to third-party providers could benefit PayPal in Europe, mitigating some risks.
PayPal stock price: buy or sell ahead of earnings?
PayPal (PYPL) stock price has underperformed the broader market this year as its troubles have continued. It has dropped by over 5% this year while the Global X Fintech ETF (FINX) has risen by almost 2% while the ARK Fintech Innovation ETF (ARKF) has barely moved.
Should You Buy PayPal (PYPL) Stock Ahead of Q2 Earnings?
PayPal's (PYPL) second-quarter results are likely to reflect its portfolio strength and growing momentum across various sizes of businesses.
Wall Street's Insights Into Key Metrics Ahead of Paypal (PYPL) Q2 Earnings
Beyond analysts' top -and-bottom-line estimates for Paypal (PYPL), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.
Should You Buy PayPal While It's Below $70?
PayPal stock has taken a hit as its margins have fallen over the past several years. The company looks to turn things around and expand its position in key markets under new CEO Alex Chriss.
