Following Q3 Results, PayPal's Path To $96 Is Clear

PYPL's technical target is revised to $96 by year-end, supported by recent earnings momentum and alignment with key Fibonacci levels.
PayPal’s transaction volume grew by 1.47 billion from Q1 2022 to Q3 2024, showing stable user growth and engagement.
EPS increased 146% from Q1 2022 to Q3 2024, reflecting effective cost management and improved profitability margins.
The forward price-to-sales ratio of 2.5 is 58.52% below its five-year average, highlighting significant undervaluation potential.
Non-GAAP operating income grew by 18% YoY in Q3 2024, despite a slight revenue growth deceleration to 6%.

JasonDoiy

Investment Thesis

Since our last coverage, PayPal Holdings, Inc. (NASDAQ:PYPL) has appreciated by 11%, surpassing our prior short-term target of $80. We revise our year-end technical target to $96 in light of continued fundamental improvements. Further supporting its bullish case, PayPal’s forward

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(<span class=\"ticker-hover-wrapper\">NASDAQ:<a href=\"https://seekingalpha.com/symbol/PYPL\">PYPL</a></span>) has appreciated by 11%, surpassing our prior short-term target of $80. We revise our year-end technical target to $96 in light of continued fundamental improvements. Further supporting its bullish case, PayPal’s forward</p></body></html>","htmlText":"<html><head></head><body><ul>\n <li>PYPL's technical target is revised to $96 by year-end, supported by recent earnings momentum and alignment with key Fibonacci levels.</li>\n <li>PayPal’s transaction volume grew by 1.47 billion from Q1 2022 to Q3 2024, showing stable user growth and engagement.</li>\n <li>EPS increased 146% from Q1 2022 to Q3 2024, reflecting effective cost management and improved profitability margins.</li>\n <li>The forward price-to-sales ratio of 2.5 is 58.52% below its five-year average, highlighting significant undervaluation potential.</li>\n <li>Non-GAAP operating income grew by 18% YoY in Q3 2024, despite a slight revenue growth deceleration to 6%.</li>\n</ul>\n<p></p><img src=\"https://static.tigerbbs.com/3f62b818da265f19017d38c80b55afbe\">\n<p class=\"item-caption\"></p>\n<p class=\"item-credits\">JasonDoiy</p>\n<p></p>\n<div class=\"inline_ad_placeholder\"></div>\n<h2>Investment Thesis</h2>\n<p>Since our <a href=\"https://seekingalpha.com/article/4721876-why-im-not-booking-profits-on-paypal-yet\">last coverage</a>, PayPal Holdings, Inc. (<span class=\"ticker-hover-wrapper\">NASDAQ:<a href=\"https://seekingalpha.com/symbol/PYPL\">PYPL</a></span>) has appreciated by 11%, surpassing our prior short-term target of $80. We revise our year-end technical target to $96 in light of continued fundamental improvements. Further supporting its bullish case, PayPal’s forward</p></body></html>","text":"PYPL's technical target is revised to $96 by year-end, supported by recent earnings momentum and alignment with key Fibonacci levels. PayPal’s transaction volume grew by 1.47 billion from Q1 2022 to Q3 2024, showing stable user growth and engagement. EPS increased 146% from Q1 2022 to Q3 2024, reflecting effective cost management and improved profitability margins. The forward price-to-sales ratio of 2.5 is 58.52% below its five-year average, highlighting significant undervaluation potential. Non-GAAP operating income grew by 18% YoY in Q3 2024, despite a slight revenue growth deceleration to 6%. JasonDoiy Investment Thesis Since our last coverage, PayPal Holdings, Inc. (NASDAQ:PYPL) has appreciated by 11%, surpassing our prior short-term target of $80. We revise our year-end technical target to $96 in light of continued fundamental improvements. 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