Posted 1/9/2024, 10:45:17 PM
PayPal Stock Drops Despite Recent Gains; Analysts Say Undervalued Compared to Industry
- PayPal (PYPL) stock dropped 1.12% compared to 0.15% drop in S&P 500 and 0.42% drop in Dow
- PYPL stock has gained 4.57% over past month, outpacing sector and market
- Analysts expect PYPL to report Q4 EPS of $1.36, up 9.68% year-over-year, on revenue of $7.88B, up 6.78%
- Zacks Rank system gives PYPL a Hold rating currently based on recent analyst estimate changes
- PYPL trades at a Forward P/E of 11.15, compared to industry average of 34.92, so appears undervalued