Is PayPal Stock a Buy?
(NASDAQ: PYPL) posted its first-quarter earnings report on April 30. The digital payment leader's revenue grew 9% year over year to $7.7 billion and exceeded analysts' consensus estimate by $180 million. Its adjusted EPS rose 27% to $1.08. But starting this year, the company redefined how it calculates its adjusted EPS. Based on its old definition, its adjusted EPS rose 20% to $1.40 and surpassed the consensus forecast by $0.18 per share.
PayPal's stock rose slightly after that earnings beat, but it quickly gave up those gains and remains down about 8% over the past 12 months. It's also trading nearly 80% below its all-time high from July 2021. Should investors buy PayPal's stock as a turnaround play? Or will it continue to disappoint investors with its lackluster growth rates?
Source Fool.com
Paypal Holdings Inc Stock
The stock is one of the favorites of our community with 52 Buy predictions and 2 Sell predictions.
As a result the target price of 78 € shows a positive potential of 31.2% compared to the current price of 59.45 € for Paypal Holdings Inc.