PayPal Holdings Looks Expensive. Is It a Buy?
PayPal Holdings (NASDAQ: PYPL) has surged to all-time highs since the COVID-19 pandemic began, reflecting the major shift to online payments and commerce that has occurred worldwide due to stay-at-home orders and social distancing measures.
The company, which enables digital and mobile payments for consumers and merchants, has seen its stock price soar from its pandemic low of $85.26 on March 23 to its all-time high of about $211 per share as of Sept. 2. From the start of the year through Thursday's close, the stock price has surged 90%. Investors are certainly pleased, but has the meteoric rise been a function of the pandemic? And is the growth sustainable at its current price? Let's take a look.
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Source Fool.com
