PayPal stock is down because its growth and profits are struggling. The company is taking a page from Uber's playbook -- a page that played a part in its dramatic turnaround.
PayPal's growth rate has slowed and its branded business has been weak. Mizuho believes its new Fastlane product could help drive a recovery.
Shares of PayPal Holdings Inc. NASDAQ: PYPL have been gaining momentum lately and are now trading at 82% of their 52-week high prices. Following this momentum, analysts at Mizuho Financial saw it fit to boost the stock's price target up to $90 a share, where they previously saw a $68 valuation.
PayPal is down by about 80% from its all-time high. The company has an entirely new management team that's just getting started.
Down 80% from its 2021 peak during the pandemic, PayPal (NASDAQ: PYPL ) stock is in long-term decline and not worth risking capital on. The switch to online commerce during the pandemic temporarily boosted PayPal's stock price, ending a decade long struggle.
Paypal (PYPL) reported earnings 30 days ago. What's next for the stock?
Digital payment platform PayPal Holdings Inc (NASDAQ:PYPL) is up 3.4% at $63.13 at last glance, after an upgrade from Mizuho to "buy" from "neutral.
Mizuho Securities analysts led by Dan Dolev upgraded shares of the payments company after downgrading them in January.
Mizuho analyst Dan Dolev moved to the sidelines on PayPal shares earlier this year, but now he's back in the bull camp.
PayPal Holdings Inc (NASDAQ: PYPL) is pushing to the upside at writing after a senior Mizuho analyst issued a super bullish note in its favour.
PayPal is currently priced as if it won't grow at all in the coming decade. If PayPal grows at all, which it currently is, then it is undervalued. Many bear arguments can be convincingly argued against, and I see clear hints of future growth. The narrative of PayPal participating in a race to the bottom does not paint a fair picture. PayPal has prospered under heavy competition for a decade.
PayPal says its stablecoin — PayPal USD (PYUSD) — is now available on the Solana blockchain. The move is designed to make the stablecoin faster and cheaper to use, giving users the choice of multiple blockchains for more flexibility and control, according to a Wednesday (May 29) news release.