Post-Earnings Dip: 2 Stocks to Buy Right Now
Earnings season can be volatile. Investors expect some corporations to live up to high standards, and their share prices suffer the consequences when they don't. However, a single quarter rarely changes a company's long-term prospects, so when an excellent stock experiences a post-earnings dip, it can be a great buying opportunity.
Let's consider two stocks that dropped following their latest quarterly updates, but that still look like solid long-term options: (NASDAQ: PYPL) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL).
PayPal, a leading financial services company, delivered strong fourth-quarter results overall. The fintech specialist's revenue was up 4% year over year to $8.4 billion, while its adjusted earnings per share (EPS) came in at $1.19, 5% higher than the year-ago period. Though PayPal isn't growing its top and bottom lines as fast as it once did, it came out ahead of analyst estimates for the period.
Source Fool.com
Paypal Holdings Inc Stock
Our community is currently high on Paypal Holdings Inc with 32 Buy predictions and 14 Sell predictions.
As a result the target price of 56 € shows a slightly positive potential of 6.24% compared to the current price of 52.71 € for Paypal Holdings Inc.
