PayPal’s Reversal Is Here: Buy This Gift Before The Breakout Happens

Summary:

  • PYPL’s new management has delivered promising performance metrics, while raising its FY2024 guidance, thanks to the growing monetization of its existing fintech offerings.
  • This is on top of the new growth initiatives through Fastlane and PayPal Ads, with it likely to continue driving user growth and accelerating top/ bottom-lines.
  • With another beat and raise quarter likely in the FQ3’24 earnings call, we believe that PYPL remains a compelling growth stock for opportunistic investors.
  • This is significantly aided by the growing bullish support observed in its stock movement and attractively valued PEG ratio compared to its fintech peers.

Stock Chart Bounces Off Man"s Outstretched Hand

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We previously covered PayPal Holdings, Inc. (NASDAQ:PYPL) in May 2024, discussing its growing Active users and expanding operating margins, as the management drove engagement and optimized costs in FQ1’24.

Combined with its inherent undervaluation and robust shareholder returns, we believed


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within 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.

The analysis is provided exclusively for informational purposes and should not be considered professional investment advice. Before investing, please conduct personal in-depth research and utmost due diligence, as there are many risks associated with the trade, including capital loss.

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