PayPal HoldingsNASDAQ: PYPL

PayPal is set to allow its disbursement partners to use PayPal USD for international money transfers. This new service is part of PayPal's Xoom cross-border payments division, as stated in a press release on Tuesday, November 19.

Andy Swan from @LikeFolio mentions that the fintech company has made a significant recovery after struggling like other tech companies from its time. He attributes this success to the company's leaders, who have made choices that create a "clear sky" for a larger resurgence.

Recently, Zacks.com users have shown a lot of interest in PayPal (PYPL). As a result, it's important to understand the factors that could affect the stock's future.

The shares of the fintech company have increased significantly over the last few months.

PayPal users can conveniently gather and handle money with friends and family for various purposes, such as group gifts, trips, and special occasions, all within the PayPal app. This service is available in San Jose, California.

While PYPL's low valuation is impressive, there are challenges ahead due to decreased Braintree volume and revenue growth in the short term, along with rising costs.

The rise in PayPal's stock price has come to a halt, despite a strong performance in the American stock market and the company reporting good financial results. On Thursday, the PYPL share price reached $81.35, which is just below its highest point of $83.71 for the year.

We are improving our outlook for PayPal after the Q3 FY24 earnings results caused the stock to drop. The Q3 results indicate a positive change in profitability, with the transaction margin increasing to 46.6% and profits rising by 14% year-over-year, showing that management is heading in the right direction for growth. Additionally, PayPal is still considered affordable compared to its competitors.

This type of trend has the potential to increase the stock price over the long term.