PYPL Stock Recent News
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Patience in investing often pays off; PayPal's stock rose 16.5% since my 'strong buy' rating in March, outperforming the S&P 500. PayPal's Q2 results showed significant growth: revenue up 8.2%, active accounts increased, and payment transactions hit a record high. Strong financial performance: net income grew, operating cash flow turned positive, and EBITDA expanded, leading to increased earnings guidance for the year.
CNBC's MacKenzie Sigalos reports on PayPal expanding services to allow merchants to buy and sell crypto: CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Jose Fernandez da Ponte of PayPal discusses the payments giant's expansion of crypto services to include merchants.
Recently, Zacks.com users have been paying close attention to Paypal (PYPL). This makes it worthwhile to examine what the stock has in store.
It's been a year since the new CEO took charge, and much has changed.
PayPal has reportedly completed its first business payment with its in-house stablecoin. This was done to show how digital currencies could be used to improve upon what are often muddled commercial transactions, Bloomberg News reported Thursday (Oct. 3), citing interviews with company officials.
I think PayPal's recent rally is just the beginning, as the stock remains undervalued given its growth prospects and strategic cost-saving measures. Q2 2024 results exceeded expectations with an 8% revenue increase, 28% adjusted net income growth, and substantial EPS gains, showcasing effective cost control. PayPal's expansion into cryptocurrency for U.S. business customers and innovative payment solutions like "Buy Now Pay Later" drive future growth and user retention.
PayPal's stock is just getting started.
You'll Never Believe Which Beaten-Down Financial Stock Is Suddenly Outperforming the S&P 500 in 2024
It might have just taken a little time for the wheels on this turnaround to get some traction on the road to recovery.
There aren't many deals to consider for further value in the technology sector. However, one stock is looking to change that narrative by delivering on previous promises.
