PYPL Stock Recent News

PayPal and Nextdoor are down by 78% and 88%, respectively, from their highs. PayPal's new management team is doing a great job of improving efficiency and forming new partnerships.

PYPL is now trading above its 30-week EMA, showing a series of higher highs and higher lows, indicating bullish price action. Momentum is bullish both short and long term, with the PPO indicator showing positive signs above the zero level. Institutional investors are accumulating shares, as evidenced by significant volume spikes, suggesting PYPL is undervalued.

PayPal remains one of my highest-conviction stocks to buy and hold for years to come.

Bill Holdings is still reporting double-digit percentage growth. Management is focusing on cutting expenses and improving the bottom line.

PayPal's new CEO, Alex Chriss, focuses on SMBs with innovations like Fastlane and an ad platform, boosting merchant conversion rates and customer retention. Fastlane offers a seamless checkout experience, significantly increasing guest conversion rates from 40%-50% to around 80%, benefiting both customers and merchants. PayPal's ecosystem expansion includes partnerships with Meta, Salesforce, Adobe, and BigCommerce, enhancing its presence and potential in digital payments and advertising.

PayPal rides on its expanding services portfolio, solid cryptocurrency positioning and a strong partner base.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

PayPal's robust financial performance, improved guidance, and strategic partnerships support a 'Strong buy' rating with an 83% upside potential. Key partnerships with Shopify, Fiserv, and Adyen, along with new features like Fastlane and Venmo's ENS integration, enhance PayPal's growth prospects. Valuation analysis via DCF and P/E ratios indicates PYPL is undervalued, with a fair share price estimate of $126.

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.

PayPal says it is expanding its partnership with eCommerce company Shopify. With this new collaboration, PayPal will become an additional online credit/debit processor for Shopify Payments via the PayPal Complete Payments solution, the company announced in a news release Monday (Sept.