Despite the ongoing shift towards the digital economy, 2021 has proven to be a challenging year for PayPal (PYPL). Shares of this financial technology company are down about 21% on a year-to-date basis compared to 22.4% growth in the Nasdaq composite index.  PayPal’s underperformance stems from tough year-over-year comparisons, eBay’s (EBAY) payment migration, and management’s cautious outlook. PayPal’s management expects tight labor market and retail supply chain disruptions to negatively impact holiday sales and its financial performance.   Now What? While PayPal stock underperformed the market averages this year, could 2022 change its course? UBS analyst Rayna Kumar initiated coverage on PayPal stock with a bullish outlook.
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PayPal (NASDAQ:PYPL)
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PayPal (NASDAQ:PYPL)
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From Jan 2021 to Jan 2022 Click Here for more PayPal Charts.