PayPal (PYPL) is a technology platform and app that enables digital and mobile payments. I am bullish on the stock. Over the past two decades, PayPal has been a major competitor in the digital payments space. Yet, Wall Street doesn't seem to appreciate PayPal's contribution to the modern economy. As we'll see, one big-name analyst, in particular, doesn't seem too impressed with PayPal lately. Moreover, PYPL stock has been on a downtrend recently. Nonetheless, there may be a prime buying opportunity for contrarian investors here. (See Analysts' Top Stocks on TipRanks) A Quick Look at PYPL Stock From a technical standpoint, there's definitely been damage done to PYPL stock.
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