#2 - PayPal (NASDAQ:PYPL)
A common theme among these fintech companies is growth. And PayPal (NASDAQ: PYPL) demonstrates this better than most. The company reported earnings on July 28 and beat expectations for both revenue and earnings. Net revenue hit $6.24 billion which was a 17% year-over-year increase.
PayPal is one of the biggest automatic payment companies in the world. It currently has over 300 million merchants that use its platform. And customers may also engage with PayPal through its Venmo, Xoom, and Braintree brands. The company offers business debit and credit cards.
And through its Working Capital program gives many small businesses the opportunity to obtain a small business loan without having to go through a bank and without a credit check. The program’s algorithm calculates the ability to pay based on the volume of sales.
PYPL stock is up over 54% in the last 12 months. However, since the company reported earnings, the stock is dropping on weaker than expected guidance. The simple advice is to use this as a time to buy the dip.
About PayPal
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.
Read More - Current Price
- $65.74
- Consensus Rating
- Hold
- Ratings Breakdown
- 12 Buy Ratings, 23 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $70.47 (7.2% Upside)
