Is PayPal Stock a Buy Now?
PayPal Holdings (NASDAQ: PYPL) is the original fintech company, with a robust digital payments system and merchant services. However, it was slow to innovate and seemed to be losing ground to competitors over the past few years. At the same time, its profits were becoming squeezed.
With a new CEO in the front seat, it looks like it's turning around. Let's get into what's happening now at PayPal and whether or not it makes sense to invest in its recovery.
New CEO Alex Chriss put it aptly during the third-quarter earnings call when he said that PayPal is shifting from a payments company with disparate products to a commerce platform. It's developing a unified approach to commerce that includes valuable solutions for its consumer users and merchant clients.
Source Fool.com
Paypal Holdings Inc Stock
Currently there is a rather positive sentiment for Paypal Holdings Inc with 31 Buy predictions and 14 Sell predictions.
With a target price of 55 € there is a slightly positive potential of 5.95% for Paypal Holdings Inc compared to the current price of 51.91 €.
