Out of all the bullish calls I've made in 2024 so far, this will be one of the most confident. PayPal (NASDAQ: PYPL ) is a fintech firm with major growth potential, and PayPal stock is so far below its peak price that it's ridiculous.
Home run hitters tend to also have a lot of strikeouts. Swinging for the fences means you're going to miss a lot of balls, too.
Austin, PayPal has been a darling, and let's face it, a dog in the market. It was soaring during COVID and crashing under a pretty bloated cost structure and slow growth, but hope springs eternal in the market and there is a new CEO at the helm and they're shaking things up.
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.