Why PayPal Stock Was Moving in the Wrong Direction Again This Week
Not much is going right for PayPal (NASDAQ: PYPL) these days.
It's losing market share to competitors like Apple. Its payment volume is shifting to lower-margin channels like Braintree, and it continues to lose customers, even as it competes in a growth industry: digital payments.
Investors were reminded of all of those problems when the fintech giant reported fourth-quarter earnings on Wednesday, and they didn't like what they heard. PayPal stock was trading down 10% as of 2:26 p.m. ET for the week, according to data from S&P Global Market Intelligence.
Source Fool.com
Paypal Holdings Inc Stock
€58.24
0.190%
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 33.93% compared to the current price of 58.24 € for Paypal Holdings Inc.
