Posted 12/19/2023, 3:00:00 PM
PayPal Stock Falls 80% From Highs, Creating Buying Opportunity for Long-Term Growth
- PayPal stock has fallen 80% from its record high despite strong gains in the broader market, creating a buying opportunity according to analysts
- PayPal beat Q3 earnings estimates and has a plan to accelerate growth by cutting costs and focusing investments
- As the top online payments processor, PayPal benefits from unmatched data and AI to prevent fraud and boost approval rates
- PayPal's partnerships with Apple Pay and large addressable market should drive high-single digit sales growth for years
- At 2.4x sales, PayPal looks undervalued compared to its historical average of 6.9x, making it a good long-term investment