PayPal Poised for Growth Under New Leadership with Wide Merchant Reach and Strong Cash Flows
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PayPal has a massive network advantage with 83% merchant acceptance vs 48% for Apple Pay and 19% for Klarna.
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New PayPal CEO sees opportunities to accelerate revenue growth and reduce expenses to drive operating leverage.
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PayPal is a free cash flow machine, expecting to generate $4.6B in 2023, using it to buy back shares.
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Morgan Stanley analyst sees over 100% upside for PayPal stock with a $118 price target.
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PayPal trades at only 12x trailing earnings, presenting a bargain opportunity.