#3 - PayPal (NASDAQ:PYPL)
If we’re going to mention Square, we shouldn’t ignore PayPal (NASDAQ:PYPL). PayPal is still a recognized leader in the digital payment platform. And PYPL stock is beginning to show the effects of pent-up demand as consumers are beginning to spend.
Like Square, PayPal is targeting services once left to traditional banks. The company already offers debit and credit cards. And with its Working Capital program, PayPal offers small businesses a low-cost way to obtain access to a business loan in minutes.
And PayPal has recently started to accept cryptocurrency, which is providing even more of a catalyst for the stock. PYPL stock is up 135% in the last 12 months. However, it has slowed down to be growing 13% in 2021. Like many tech stocks, it was bounced off its high near $300 in February and has yet to make another run at it. However, PayPal reports earnings in early May and the stock looks to be consolidating in advance of that report.
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
- $68.03
- Consensus Rating
- Hold
- Ratings Breakdown
- 12 Buy Ratings, 24 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $70.72 (4.0% Upside)
