1 Undervalued Growth Stock Down 79%: But Don't Buy and Hold Until You Know These 3 Risks
The S 500 and Nasdaq Composite have been on an impressive run since the start of 2023. This bullish sentiment might have investors worried that they can't find attractive buying opportunities.
Yet, there are still cheap businesses to buy, and I think PayPal (NASDAQ: PYPL) is one of them. Shares of the online payments service have cratered over the past few years and recently sat nearly 80% below their peak price. But the stock now trades at a bargain forward price-to-earnings (P/E) ratio of 12.3.
Don't rush to buy and hold PayPal just yet. Here are three risks you need to know about with this digital payments pioneer.
Source Fool.com
Paypal Holdings Inc Stock
€61.00
-0.050%
The stock is one of the favorites of our community with 55 Buy predictions and 2 Sell predictions.
As a result the target price of 78 € shows a positive potential of 27.87% compared to the current price of 61.0 € for Paypal Holdings Inc.
