Paypal (PYPL) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
I maintain my "Buy" rating for PayPal thanks to its undervaluation, strategic turnaround success, and strong medium-term growth prospects despite competitive and macro pressures. Q3 FY2024 earnings showed 9% YoY TPV growth, 6% revenue growth, and 22% non-GAAP EPS growth, driven by mobile checkouts and strategic acquisitions. PayPal's innovations like Fastlane and PayPal Everywhere, along with Venmo's growth, highlight its efforts to enhance consumer and merchant experiences.
Long before there was Venmo and Cash App, there was PayPal Holdings, Inc.
PayPal's (PYPL 2.30%) stock has rallied 41% this year as the digital payments leader has attempted to put its struggles behind it under a new CEO. Is it still worth investing in anticipation of a long-term recovery?
PayPal's robust YTD performance underscores its successful transformation cadence, as observed in the growing active users and improved bottom-lines. If anything, we expect the management to deliver an outsized FY2024 performance while offering a promising FY2025 guidance. Its long-term prospects appear to be excellent as well, with Braintree already bottom-line accretive and the management forging strategic partnerships with leading global commerce players.
Up 25% in the Past 3 Months, Is PayPal Stock a No-Brainer Buy That Can Double in 5 Years?
PayPal experienced a global outage that affected multiple products for about two hours Thursday (Nov. 21). The incident lasted from 10:53 UTC to 12:59 UTC Thursday, the company said on its status page.
San Jose-based tech giant said that the outage "may be affecting multiple products in our Production environment."
Payments firm PayPal is facing a system issue that may be affecting multiple products, it said on Thursday.
PayPal will begin letting its disbursement partners use PayPal USD to settle cross-border money transfers. The new service is offered through PayPal's Xoom cross-border payments business, according to a Tuesday (Nov. 19) press release.
Andy Swan with @LikeFolio says the fintech company made a notable comeback after it faded alongside other tech staples of its era. He credits the company's leadership for making decisions that leave a "clear sky" for a bigger comeback.
Paypal (PYPL) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.