PayPal Stock Faces Uncertainty Amidst Weak Guidance and Mixed Reactions.
TL;DR Summary
PayPal's Q1 results beat expectations, but the company's weak guidance caused its stock to slump 5.4%. The payments giant cautioned that its adjusted operating margin won’t grow as quickly as previously anticipated, even after spending on its platforms surged more than expected in the first quarter. PayPal's pandemic success has slowed down due to rising competition in the digital-payment space and a recent slowdown in e-commerce growth. Investors should keep an eye on PayPal-heavy ETFs like Grayscale Future of Finance ETF, Global X FinTech ETF, and ETFMG Prime Mobile Payments ETF.
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- PayPal stock cut at Edward Jones, removed from Focus List after 'weaker' results By Investing.com Investing.com
- PayPal Stock Slides After Earnings. Why Wall Street Still Likes the Company. Barron's
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