PayPal Seeks Growth Through AI Offerings After Stock Struggles Despite Strong Metrics
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PayPal's stock has struggled over the past 3 years, falling nearly 75% despite growing key metrics like payment volume and transactions.
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PayPal's recent Innovation event focused on AI ambitions but didn't impress investors. Guidance also disappointed.
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New AI-powered offerings like one-tap checkout, smart receipts, and cash back rewards could drive growth.
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Valuation looks cheap historically and compared to peers like Block, presenting opportunity if offerings drive growth.
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After overpromising, new CEO may have learned and is now setting bar low for 2024, possibly allowing room to overdeliver.