Paypal (PYPL) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
PayPal's Q2'24 results showed strong account growth, and the Fintech raised its outlook for free cash flow and stock buybacks. The Fintech added 1.8M customers to its payments platform in Q2 and reported double-digit growth in transactions per active account. PayPal generated $1.1B in free cash flow in the last quarter.
PayPal stock is trading down 80% from all-time highs but still growing revenue quickly. Its profits and margins are climbing again.
PayPal is 79% below its all-time high price of $310 per share. The company is undergoing a transition year under its new CEO.
PayPal reported strong Q2 earnings and once again increased its guidance. Importantly, its transaction margin dollars, a recent area of weakness, showed strong growth.
PayPal's Q2 results show revenue growth, margin improvement, and strong net income, supporting my bullish thesis. It looks like PYPL now focuses less on new users and more on greater utilization by existing users. The company's EPS should grow at a CAGR of 10.7% over the next 6 years, while the stock is priced at 14x FY2024 earnings.
PayPal grew revenue and profits in its most recent quarter. The company's Braintree product helped its profits improve for the first time in two years, which hopefully is the start of a new trend.
PayPal just reported a triple-beat on Q2 earnings — sending shares higher. Even so, PayPal stock is still down 80% from its peak. In this article, I highlight eight reasons why PayPal is a strong buy at current levels.
PayPal's revenue growth rates are down from 2021 levels but are still robust. Western Union's top line is struggling, but its earnings may have stabilized.
PayPal grew its revenue and margins in the second quarter. The stock is still off 80% from highs set in 2021.
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PayPal is starting an excellent streak of increasing customers.