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Paypal (PYPL) Outperforms Broader Market: What You Need to Know
Zacks Investment Research· 2024-01-23 23:50
In the latest market close, Paypal (PYPL) reached $64.78, with a +1.63% movement compared to the previous day. The stock's change was more than the S&P 500's daily gain of 0.29%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq added 0.43%.Shares of the technology platform and digital payments company have appreciated by 3.07% over the course of the past month, underperforming the Computer and Technology sector's gain of 3.67% and outperforming the S&P 500's gain of 2.08%.The investment community ...
PayPal: The Time Is Now
Seeking Alpha· 2024-01-23 23:22
Justin Sullivan Background We have been bullish on PayPal Holdings, Inc. (NASDAQ:PYPL) for some time (you can read our prior coverage here, here, and here), but until now it has not been an easy ride: from the time of publication of our first piece of research, PayPal stock has fallen by ~19%, compared with a 22% gain in the broader S&P 500 (SPY). PYPL vs. SPY (Koyfin) This underperformance has been applauded by PayPal bears who believe that the company's offerings are largely undifferentiated from peers an ...
PayPal Stock Rises More Than 10% in a Week After New CEO Alex Chriss Promises That the Company Will "Shock the World"
The Motley Fool· 2024-01-23 15:23
In August, financial technology (fintech) pioneer PayPal Holdings (PYPL 2.50%) named Alex Chriss as its new president and CEO. Chriss officially took over on Sept. 27. Now four months later, Chriss has scheduled a presentation for Jan. 25. And in an interview with CNBC, he said the presentation will "shock the world."This was Chriss' first interview since taking over at PayPal, and it certainly made an impression with investors. Since Chriss promised to shock the world, PayPal stock is up more than 10%. For ...
Here's Why PayPal Is a No-Brainer Value Stock
The Motley Fool· 2024-01-23 12:20
The pandemic accelerated the trend to digital payments, and PayPal (PYPL -3.16%) was a big winner. The company saw staggering growth and topped $1 trillion in total-payment volume in 2022, and the stock traded at a sky-high valuation.However, the past few years have challenged the fintech. Discretionary spending dropped amid high inflation, and its staggering growth slowed. The company shifted its strategy, hired a new CEO, and is working to reinvent itself and hold on to its leadership position in the paym ...
Dear PYPL Stock Fans, Mark Your Calendar for Jan. 25
InvestorPlace· 2024-01-22 19:21
Intraday price action often doesn’t tell the entire story when it comes to specific stocks. That’s a narrative I think probably describes PayPal (NASDAQ:PYPL) stock well today. Down nearly 3% in early afternoon trading, PYPL stock appears to be seeing a consolidation move after a nice period of strong gains over the past three months.That said, there are some bullish catalysts certain investors are watching closely. Notably, the company’s recently-announced upcoming “First Look” keynote on Jan. 25 is raisin ...
Paypal (PYPL) Surges 6.0%: Is This an Indication of Further Gains?
Zacks Investment Research· 2024-01-22 16:06
Paypal (PYPL) shares rallied 6% in the last trading session to close at $65.82. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 0.1% gain over the past four weeks.PayPal extended its rally, driven its portfolio strength. Growing customer engagement on the company’s platform is leading to increase in net new active accounts. Additionally, solid momentum of core peer to peer, buy now pay later services and PayP ...
Where Will PayPal Be in 3 Years?
The Motley Fool· 2024-01-22 15:27
PayPal (PYPL 0.47%) has a more than two-decade history as a leader in the digital payment space. This first-mover advantage has brought PayPal global recognition as a trusted and convenient way to move money around.However, the stock has been a huge disappointment. It dropped 14% in 2023, and at recent prices, it's 79% below its peak price from July 2021. Investors are hoping that things can improve going forward.Where will this top fintech stock be in three years? Let's take a closer look at PayPal's poten ...
Wall Street sets PayPal stock price for the next 12 months
Finbold· 2024-01-22 09:57
Previous months for PayPal (NASDAQ: PYPL) stock were less than exciting, but since 2024 started, this asset has posted healthy numbers, and investors are waiting to hear from the new CEO, Alex Chriss.Namely, the newly appointed CEO argued that PayPal needs to deliver more innovation to its users in an interview on January 17.“It is very clear what we need to do. 2024 will be a transition year for us. It’ll be all about execution, and it starts with innovation.”The specifics of his innovative ideas will be u ...
Financial Statement Series: PayPal Stock Analysis
The Motley Fool· 2024-01-20 20:47
Fool.com contributor Parkev Tatevosian will conduct a financial statement analysis of PayPal (PYPL 6.01%) stock in this brief video. *Stock prices used were the afternoon prices of Jan. 18, 2024. The video was published on Jan. 20, 2024. ...
PayPal price prediction amid CEO promise to ‘shock the world'
Finbold· 2024-01-20 14:43
PayPal Holdings Inc. (NASDAQ: PYPL) faced a decline in value since 2021 due to stock market doubts and a competitive landscape. Analysts attribute part of the challenges to the Federal Reserve’s interest rate hikes starting in early 2022.However, a more optimistic macroeconomic scenario could set the proper conditions for a bullish turnover for PayPal shareholders. Moreover, Alex Chriss appeared for the first time for an interview on CBNC since stepping into the CEO role.In the interview, Chriss promised to ...