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.
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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
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