Why PayPal Shares Plunged 13% This Week
Shares of leading digital payment platform (NASDAQ: PYPL) sank 13% this week as of 1:30 p.m. ET Friday, according to data provided by S&P Global Market Intelligence.
PayPal reported its fourth-quarter earnings on Tuesday and snuck past analysts' expectations after growing sales and adjusted earnings per share by 4% and 5%.
However, while total payment volume (TPV) rose 7%, the company's once-fast-growing unbranded unit (where it's a payment service provider) only grew 2%, spurring a drop from the market.
Source Fool.com
Paypal Holdings Inc Stock
€50.79
-0.780%
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 8.29% for Paypal Holdings Inc compared to the current price of 50.79 €.
