It has been a rough stretch for PayPal (PYPL) stock. The share price currently sits almost 40% below the all-time high achieved in July, marking the pullback as the biggest decline since being spun off from eBay in 2015. The lackluster performance is due to a combination of factors, including a mixed Q3 report and tech stocks getting hit hard in the currently volatile environment. The stock might be underperforming but going by comments made by management in a recent meeting with Wolfe Research analyst Darrin Peller, the company appears confident it will meet its mid-term targets. PayPal is aiming for 2025 revenue of “at least” $50 billion.
https://www.tipranks.com/news/article/has-paypal-stock-hit-bottom-looking-for-the-silver-lining?utm_source=advfn.com&utm_medium=referral
PayPal (NASDAQ:PYPL)
Historical Stock Chart
From Apr 2022 to May 2022 Click Here for more PayPal Charts.
PayPal (NASDAQ:PYPL)
Historical Stock Chart
From May 2021 to May 2022 Click Here for more PayPal Charts.