Down 80% From All-Time Highs, Is It Finally Time to Buy PayPal Stock?
The fintech landscape is rife with competition. Unicorn start-ups such as Stripe and Plaid have taken on the world's largest payment processors, while buy now, pay later functionality is all the rage among e-commerce platforms.
(NASDAQ: PYPL), which is one of the longest-tenured giants in online financial services, has been anything but immune to the rising competition among fintech businesses. This 2015 spin-off from eBay currently trades 80% below all-time highs set in mid-2021. Given such a precipitous drop, investors might be wondering if PayPal's best days are long gone.
I see things differently and think 2024 could be a massive year for the company. Let's dig into PayPal and assess why now might be a generational opportunity to buy the dip.
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 28.31% compared to the current price of 60.79 € for Paypal Holdings Inc.
