Down 82% From Its High, PayPal Stock Has Never Looked Cheaper Than It Is Today. Is It Time to Buy?
PayPal Holdings (NASDAQ: PYPL) investors have had a rough go of it in recent years. The company enjoyed a boom during the pandemic, which brought with it increased online shopping and accelerated the ongoing transition to digital payments. As a result, PayPal stock roared higher, reaching over $300 per share, while investors optimistically valued it at over 100 times earnings and nearly 17 times sales.
The last couple of years have been a transitional time for the fintech. Customer growth has slowed, its focus has shifted, and it has hired a new CEO. Since its peak, the stock has lost 82% of its value, and by some valuation measures, it has never looked cheaper than it is today. Is it finally time to buy PayPal stock?
PayPal enjoyed staggering growth during the pandemic. Over the two years ending in 2021, it added 122 million accounts, increased revenue by 43%, and surpassed $1 trillion in total payment volume.
Source Fool.com
Paypal Holdings Inc Stock
The stock is one of the favorites of our community with 51 Buy predictions and 2 Sell predictions.
As a result the target price of 78 € shows a positive potential of 32.2% compared to the current price of 59.0 € for Paypal Holdings Inc.
