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Here Are 3 Phenomenal Reasons to Buy PayPal Stock Right Now

TheMotleyFool 
0 0 13.02.24
Here Are 3 Phenomenal Reasons to Buy PayPal Stock Right Now: https://g.foolcdn.com/editorial/images/764615/person-holding-phone-with-paypal-app-1_paypal.jpg
 

PayPal (NASDAQ: PYPL) reported fourth-quarter 2023 revenue of $8 billion (up 9% year over year) and adjusted earnings per share (EPS) of $1.48 (up 19%), both headline figures that beat Wall Street estimates. So, it makes you scratch your head to see that shares are down 11% the day following the news (as of Feb. 8).

Investors are forward-looking market participants, and they weren't happy with the company's guidance. PayPal's executives expect revenue to rise by just 6.5% to 7% in the current quarter, with adjusted EPS up mid-single digits.

This situation makes matters worse for the fintech stock, which is currently 82% below its all-time high. However, I view this as a phenomenal buying opportunity. Here are three reasons why.

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Source Fool.com

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