3 Things About PayPal That Smart Investors Know
(NASDAQ: PYPL) investors were seeing huge gains after the digital payments giant spun off from eBay in July 2015. Shares were up 741% in roughly the first six months of trading, only to come crashing down 79% since then. The most recent earnings report also disappointed shareholders.
Nonetheless, this might still be a company that's on your radar, so it's a good idea to have a solid understanding of its operations. Here are three important things about PayPal that the smartest investors know.
PayPal's business was firing on all cylinders during the depths of the coronavirus pandemic. The company added 73 million net new active accounts in 2020, with another 49 million in 2021. And in each of these years, revenue soared by greater than 18%. Consumers were spending more time at home, which led to more online shopping on discretionary items. This was a clear boon for PayPal, as it is the most popular checkout option at the top 1,500 retailers in North America and Europe.
Source Fool.com
Paypal Holdings Inc Stock
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 27.95% compared to the current price of 60.96 € for Paypal Holdings Inc.
