PayPal: Paying It Forward For Profitable Growth - Upgrading To A Buy
- We're upgrading PayPal after Q3 FY24 earnings results and outlook pulled back the stock.
- Q3 results show promising profitability shift, with transaction margin growing to 46.6% and profits up 14% Y/Y, confirming management's on the right track for profitable growth.
- PayPal also remains cheap relative to the peer group.
- We think sustained active account growth and better user monetization with partnerships should support the next leg of outperformance.
Paper Boat Creative
We're upgrading PayPal (NASDAQ:PYPL) to a buy after Q3 FY24 earnings results' revenue miss and higher-than-expected operating expenses dragged the stock price lower and brought down its RSI or relative strength index. Our hold-rating from last
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