PayPal Stock Outperforms Market Ahead of Expected Strong Earnings
• PayPal (PYPL) stock has outperformed the market recently, rising 6.99% in the past month compared to 4.89% for the S&P 500 • PYPL is expected to report strong Q4 2022 earnings growth of 9.68% per share and revenue growth of 6.75% • Analyst estimate revisions for PYPL have been positive lately, signaling optimism about business outlook • PYPL stock valuation looks attractive compared to industry averages, with lower P/E and PEG ratios • The Internet Software industry is ranked favorably by Zacks, in the top 15% out of 250+ industries