PayPal Holdings: Set For A Breakout


  • PayPal’s 3Q earnings report shows strong growth in total payment volume and sales, despite a decline in net new active accounts.
  • The company is cutting costs and has a strong guidance for 2023, making it a cheap stock with undervalued profit growth.
  • The technical setup for PayPal stock has improved, with a breakout expected to reach at least $66.77.

PayPal Headquarters San Jose


The 3Q earnings report for PayPal Holdings (NASDAQ:PYPL) has breathed new life into the fintech’s embattled stock and, I think, PayPal could be set for a breakout based on the technical setup as well as based on the underlying business

Analyst’s Disclosure: I/we have a beneficial long position in the shares of PYPL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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