The financial technology, or fintech, industry was one of the hardest hit parts of the stock market in the post-pandemic bear market, but there are still some excellent opportunities. PayPal (PYPL -1.45%) is one great example with a stock price that is still about 70% below its 2021 peak and excellent turnaround progress in 2024, while SoFi (SOFI -3.74%) is an app-based bank with tremendous momentum.
PayPal Holdings (PYPL -1.45%) is finally in the market's favor again. After several years of disappointing results, it has a new CEO and a new way forward, and the stock is up 44% this year.
Paypal (PYPL) closed the most recent trading day at $88.14, moving -0.12% from the previous trading session.
PayPal remains a Strong Buy due to significant undervaluation and strong fundamentals, with a 29% potential upside and a target price of $114. Positive trends like U.S. holiday spending growth and secular tailwinds support PayPal's revenue growth and long-term shareholder value appreciation. Analysts from Wolfe Research and Bank of America have upgraded their ratings and target prices for PYPL, reflecting strong future performance expectations.
Recently, Zacks.com users have been paying close attention to Paypal (PYPL). This makes it worthwhile to examine what the stock has in store.
PayPal (PYPL -0.26%) is finally starting to attract some bullish sentiment from the investment community. At its 52-week low in April earlier this year, shares were trading a gut-wrenching 80% below their peak from July 2021.
After a difficult start to the year that saw shares drop 6% in the first half of 2024, PayPal (PYPL 0.40%) is on its way up, winning over investors in remarkable fashion. The fintech stock has soared 42% in the last six months, which puts its year-to-date gain at 39% (as of Dec. 18), well ahead of the broader S&P 500.
Although PYPL's cheap valuation is noteworthy, lower Braintree volume and revenue growth in the near term, as well as higher expenses, are headwinds.
The Federal Reserve (the Fed) has cut interest rates again, making it the third consecutive cut for the past three meetings this year. There are now a lot of implications that will stem from this latest pivot when they make their way through the economy.
Paypal (PYPL) concluded the recent trading session at $86.78, signifying a +1.56% move from its prior day's close.
Cybersecurity startup Bureau has secured $30 million in a funding round led by Sorenson Capital to expand its presence in new markets, it said on Wednesday.
PayPal (PYPL -0.48%) has been an excellent performer in 2024, with the stock up 47% year to date as of Dec. 12. However, I'm predicting that it will deliver another year of market-beating performance in 2025, and in this video, I explain why.