Why is PayPal closing its money market fund?
- You’re a first-time seller. When you’re a new PayPal seller, it takes time to build up enough history to demonstrate a pattern of positive buyer-seller transactions. ...
- You haven’t sold in a while. ...
- Multiple customers filed for a refund, dispute, or chargeback. ...
- Your selling pattern appears unusual or changed. ...
- You’re selling higher risk items. ...
Is it a good time to buy PayPal stock?
PayPal stock is a winner, and it's trading at a discount to its growth prospects, so now looks like a great time to buy.
Why you should buy PayPal?
PayPal is the safest way to ensure that you are preventing scammers from looting you and tricking you. A lot of people who have used other payment methods have suffered. So if you want to invest your money in a safe place, then always use PayPal to buy TikTok followers.
Why you should never, ever use PayPal?
When using PayPal or a credit card online
- Make online purchases only on secure sites. ...
- Don't use the public Wi-Fi available at coffee shops and airports. ...
- Don't store your credit card information online at your favorite retailers. ...
- Beware of phishing attacks. ...
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What happened
The stock market was having a modestly strong start on Wednesday, with all three major market indexes in positive territory shortly after the opening bell. However, fintech giant PayPal Holdings ( PYPL -0.46% ) was a big underperformer. As of 10 a.m. ET, PayPal shares were down by 25% to a new 52-week low.
So what
As you might expect, PayPal's steep decline is earnings-related. PayPal released its fourth-quarter and full-year 2021 results after the market closed on Tuesday, and to put it mildly, investors weren't too impressed.
NASDAQ: PYPL
PayPal is expecting revenue growth in the 15% to 17% range for 2022, while analysts had been looking for about 18%. The company expects to add 15 million to 20 million new accounts in 2022, which was also lower than many had expected.
Now what
There are certainly some short-term headwinds affecting PayPal. In addition to the illegitimate account issue, inflation headwinds are likely to weigh on the company's results in 2022.
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What happened
Shares of online payments behemoth PayPal Holdings (NASDAQ: PYPL) plunged on Monday and remain down 3.7% as of 3 p.m. ET. And yes, with the Nasdaq Composite down 0.8%, it's true that a lot of tech stocks are in the red today.
So what
As TheFly.com reports today, French investment bank Exane BNP Paribas just cut its rating on PayPal stock from outperform to neutral, and set a $200 price target on the stock.
Now what
On average, Paribas says its earnings estimates for PayPal in both 2022 and 2023 fall 7% to 8% below consensus targets for the stock. And what that means in dollars and cents is that PayPal could potentially earn as little as $3.29 per share this year.
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Massive User Base Fuels PYPL Stock Growth
Nothing reflects the success of a business like a massive user base. PYPL stock is dominating the world of digital payments with an ever-expanding customer base. This is a sign that it is successfully meeting the needs of the users and has a business that is well-positioned to grow.
The Bottom Line On PYPL Stock
Several analysts have lowered the price target on PYPL stock but are bullish on its long-term prospects. BTIG analyst Mark Palmer has a price target of $270 for the stock with a “buy” rating. Mizuho analyst Dan Doley also has a “buy” rating but a more conservative price target of $200.
