PayPal: Working Off The Bottom

Summary:

  • PayPal Holdings, Inc. stock is still trading below pre-Covid levels despite solid ongoing growth.
  • The digital payments company still maintains solid growth metrics and has the potential for reacceleration due to product innovation from a new executive management team.
  • The stock is crazy cheap at only 11x ’24 EPS targets while earnings are growing at a far faster clip due to cheap stock buybacks.

Smart phone with Paypal.com logo in the pocket

franckreporter

PayPal Holdings, Inc. (NASDAQ:PYPL) appears to have finally hit bottom at a perplexingly low valuation. The digital payments company was priced for disaster while maintaining strong cash flows to reward investors with cheap share buybacks. My


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in PYPL over the next 72 hours. 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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