PayPal has struggled in recent years, and its CEO is looking to reignite growth for the fintech.
After a prolonged period of underperformance, PayPal (NASDAQ: PYPL) is finally showing signs of a robust comeback. The fintech company, with over 30% year-to-date gains, has outperformed the S&P 500, providing a much-needed win after three years of significant decline.
PayPal investors have finally enjoyed their winning moments as the stock outperformed its financial sector peers and the S&P 500. Recent partnerships with Adyen, Shopify, and Amazon enhance PayPal's competitiveness against its walled-garden peers. Despite improved profitability, PayPal's topline growth is expected to slow, necessitating a focus on more profitable growth and operating leverage.
After months of underperforming the Nasdaq, the PayPal stock is now shifting the narrative, with even the smart money showing signs of interest again. PayPal's next test will be the Q3 results, which are expected to be released on the 29th of October. Progress on transaction margin dollars, revenue growth, and earnings growth are all likely to dip from the levels seen in Q2.
Paypal (PYPL) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Does Paypal (PYPL) have what it takes to be a top stock pick for momentum investors? Let's find out.
In the closing of the recent trading day, Paypal (PYPL) stood at $79.55, denoting a -1.39% change from the preceding trading day.
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.
There's been a lot of movement in the fintech sector lately.
A Bernstein analyst sees a “wider-than-usual range of long-term outcomes for this company” as PayPal navigates competitive pressures.
PayPal is set to launch an ad business, starting in the US. The company intends to offer ads across its own properties, as well as other retailers.
PayPal Holdings Inc (PYPL, Financial) has recently captured the attention of investors and financial analysts alike, thanks to its strong financial performance and promising growth prospects. With its shares currently priced at $80.93, PayPal Holdings Inc has experienced a daily gain of 0.83% and an impressive three-month increase of 36.71%.