PayPal: The Time Is Now

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 ...