Why I'm Not Booking Profits On PayPal Yet

Yiannis
09-19

Summary

  • PYPL is projected to reach $80 in 2024, with a potential upside to $94 if momentum sustains.
  • PayPal’s TPV grew by 11%, reaching $417 billion, reflecting strong growth across domestic and international markets.
  • Transaction margin dollars rose 8% year-over-year, marking the best performance since 2021 due to product improvements.
  • RSI at 60.55 suggests a neutral-to-bullish outlook, improving momentum and easing selling pressure.
  • PayPal’s partnership with Shopify enhances growth prospects by tapping into a vast merchant network in U.S. e-commerce.

da-kuk/E+ via Getty Images

Investment Thesis

Our medium-term target price of $90 per share for PayPal Holdings, Inc. (NASDAQ:PYPL), based on our earlier DCF valuation, remains intact. Last month, we demonstrated how the technicals aligned with the

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment