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Nasdaqpypl

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finance1 year ago•1 min saved

"Goldman Sachs Bullish on PayPal Despite Apple Concerns: Earnings Beat Expectations"

PayPal Holdings reported its full year 2023 earnings, with revenue reaching US$29.8 billion, a 8.2% increase from the previous year, and net income rising to US$4.25 billion, a 76% increase. The company's profit margin also improved to 14%. Earnings per share (EPS) surpassed analyst estimates by 3.9%, and future revenue growth is forecasted at 7.0% per year on average for the next 3 years. Despite a 9.5% decrease in share value over the past week, the company's balance sheet health and valuation remain important factors to consider.

via Simply Wall St|

#earnings #finance #financial-industry

finance2 years ago•4 min saved

PayPal's Stock Outlook: New Features, CEO Promises, and Market Reaction

PayPal stock (NASDAQ:PYPL) appears compelling due to its low valuation and new growth initiatives, including the Fastlane checkout feature and Smart Receipts. The stock trades at an undemanding valuation of 11 times earnings, presenting significant upside potential. Despite the market's initial tepid response to the new strategic initiatives, PayPal's long-term growth prospects seem promising. Analysts maintain a Moderate Buy consensus rating on the stock, with an average price target suggesting a 19.6% upside potential.

via Yahoo Finance|

#finance #fintech #nasdaqpypl