1 Incredibly Cheap Fintech Stock to Buy Now
Investing behind particular trends, such as the fintech revolution, is a smart way for investors to gain exposure to specific areas of the economy that might have big potential. It's not necessarily difficult to find individual businesses that fit your criteria, but the challenge could lie in identifying companies selling at attractive valuations.
There's one incredibly cheap fintech stock, which trades 75% off its peak price, that investors should consider buying. Let's take a closer look at (NASDAQ: PYPL).
Before the pandemic and during the worst days of the health crisis, PayPal was growing very rapidly, increasing users, total payment volume (TPV), and sales at a remarkable clip. The popularity of online shopping in 2020 and 2021 certainly helped drive adoption of digital payments, benefiting this business. It's no wonder the stock hit its all-time high in July 2021.
Source Fool.com
Paypal Holdings Inc Stock
Currently there is a rather positive sentiment for Paypal Holdings Inc with 31 Buy predictions and 14 Sell predictions.
With a target price of 56 € there is a slightly positive potential of 6.52% for Paypal Holdings Inc compared to the current price of 52.57 €.
