PayPal Is Up 42% in 6 Months: Is It a Smart Stock to Buy for 2025 and Beyond?
After a difficult start to the year that saw shares drop 6% in the first half of 2024, (NASDAQ: PYPL) is on its way up, winning over investors in remarkable fashion. The fintech stock has soared 42% in the last six months, which puts its year-to-date gain at 39% (as of Dec. 18), well ahead of the broader S 500.
However, shares are still trading a worrying 72% off their peak price. Long-term investors might still consider initiating a position in PayPal. Is it a smart stock to buy for 2025 and beyond?
The positive momentum for PayPal shares started when the business reported financial results for the second quarter of 2024 (ended June 30). During that three-month period, the company posted double-digit growth in total payment volume (TPV), with an expanding operating margin driven by expense controls. What's more, management raised full-year guidance for adjusted profit.
Source Fool.com
Paypal Holdings Inc Stock
The stock is one of the favorites of our community with 69 Buy predictions and 2 Sell predictions.
As a result the target price of 82 € shows a positive potential of 31.39% compared to the current price of 62.41 € for Paypal Holdings Inc.
