PayPal Stock: Down 18% This Year; What Now?
17 December 2021 - 02:26AM
TipRanks
A stock isn't a bargain stock because it has fallen significantly.
It is a bargain stock because, after the fall, it has the potential
to rise significantly. A lot of investors often confuse the two
viewpoints. Payment solutions provider PayPal (PYPL) belongs to the
latter category. After a horrible 2021, its fortunes could turn in
the new year, and crypto could give it firm support. I am bullish
on PayPal stock. (See Analysts’ Top Stocks on TipRanks) Strong
Numbers PayPal reported strong numbers for Q3 2021 earnings.
Total payment volume (TPV) hit $310 billion, while its net revenue
was $6.18 billion. These numbers have grown by 26% and 24%
year-on-year, respectively.
https://www.tipranks.com/news/article/paypal-stock-down-18-this-year-what-now?utm_source=advfn.com&utm_medium=referral
PayPal (NASDAQ:PYPL)
Historical Stock Chart
From Apr 2022 to May 2022
PayPal (NASDAQ:PYPL)
Historical Stock Chart
From May 2021 to May 2022