If You Invested $10,000 in PayPal in 2016, This Is How Much You Would Have Today
Some companies' stock prices underperform for years before the market eventually warms up to them. This is because of the emotion of fear, which can cloud investors' judgment.
In recent years, (NASDAQ: PYPL) has fit this profile. A $10,000 investment in the company made in 2016 would now be worth $19,000. This lags the $25,000 that the same investment in the S 500 index would be valued at today with dividends reinvested. Let's dig into what could make PayPal a no-brainer investment.
The outlook for the global digital payment market is promising. Economic growth in emerging markets is leading more people than ever before into the global middle class. This brings with it the disposable income for smartphones and e-commerce purchases, which are, in part, carried out by the likes of PayPal and its payment network. That is precisely why the market research company Markets and Markets believes the global digital payment industry could grow from $88.1 billion in 2021 to $180.2 billion by 2026.
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 31.47% compared to the current price of 59.33 € for Paypal Holdings Inc.
