PYPL Stock Recent News
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PayPal reported strong Q1'24 earnings, beating estimates and showing healthy total payment volume and revenue growth. The company's new CEO, Alex Chriss, is implementing new business strategies and building a new C-Suite to turn PayPal into a more focused and profitable company. Positive indicators of future growth include increased gross margin, expanded operating margins, and positive momentum in active accounts and revenue-driving metrics.
SoFi Technologies is growing much faster than PayPal, but that doesn't automatically make it the better investment.
PayPal is not performing nearly as well as it was just four years ago. However, the company is implementing various growth strategies.
Billionaires Paul Tudor Jones and Philippe Laffont both just reduced their stakes in Nvidia and bought PayPal shares. PayPal shares are cheap with the stock well off its highs.
PYPL is trying to bounce back after three years of underperformance, and its valuation hitting rock bottom all-time lows after 80% sell-off. PayPal's first-quarter results show a 9% revenue increase and a 14% rise in Total Payment Volume, driven by enhanced features in Venmo and strategic market expansions. Bolstered by Fibonacci retracements and a positive Volume Price Trend, PayPal's stock is projected to reach $79 by the end of 2024, balancing bullish indicators with existing market volatility.
PayPal's undemanding valuation does not align with its strong fundamentals and growth prospects. The company has a leading position in the digital payments industry and has grown through organic initiatives and acquisitions. While PayPal's growth has slowed in recent years, it remains highly cash generative and has a solid financial position.
Paypal (PYPL) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The long-term growth of e-commerce and digital payments should propel PayPal for many years. PayPal generates sizable free cash flow that it uses to fund share buybacks.
Frictionless commerce firm AppTech Payments completed the pilot of its Banking-as-a-Service (BaaS) platform. Now, the company will use the BaaS solution for the commercial launch of InstaCash, a real-time pay-by-bank transaction system that AppTech is positioning as a rival to both Venmo and Western Union, according to a Thursday (May 16) press release.
Frictionless commerce firm AppTech Payments completed the pilot of its Banking-as-a-Service (BaaS) platform. Now, the company will use the BaaS solution for the commercial launch of InstaCash, a real-time pay-by-bank transaction system that AppTech is positioning as a rival to both Venmo and Western Union, according to a Thursday (May 16) press release.