However, it continues to operate a solid payments business with nearly half a billion active users each month.
Over a longer period, a breakout above $68 could target the low $100s as an extended target to the upside.
If we were to dive into the business, we see a payments company that focuses on delivering growth and improving margins.
If PYPL traded at its industry and historical average of around 21x forward earnings, it would imply a stock price of $106 — just above our technical upside target.
BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons:
PYPL
Organizations:
PayPal