PayPal Holdings (PYPL) Stock

The fintech sector faced significant challenges in the stock market after the pandemic, but there are still promising chances for investment. For instance, PayPal (PYPL -1.45%) has seen its stock price drop around 70% from its highest point in 2021, yet it is making strong recovery strides in 2024. Additionally, SoFi (SOFI -3.74%) is a mobile banking platform that is gaining a lot of traction.

PayPal Holdings (PYPL -1.45%) is once again gaining positive attention from the market. After a few years of underwhelming performance, the company has a new CEO and a fresh strategy, leading to a 44% increase in its stock this year.

On the last trading day, PayPal (PYPL) finished at $88.14, which is a decrease of 0.12% compared to the day before.

PayPal is still considered a Strong Buy because it is undervalued and has solid fundamentals, with a potential increase of 29% and a target price of $114. Factors such as the growth in U.S. holiday spending and ongoing positive trends are expected to boost PayPal's revenue and increase value for shareholders in the long run. Analysts from Wolfe Research and Bank of America have raised their ratings and target prices for PayPal, indicating strong expectations for its future performance.

Lately, users on Zacks.com have been focusing on Paypal (PYPL). This interest prompts a closer look at what the stock might offer.

PayPal (NASDAQ: PYPL) faced a tough beginning to 2024, with a 6% decline in shares during the first half of the year, but it is now recovering and impressing investors. Long-term investors may want to think about starting an investment in PayPal. The positive trend for PayPal's shares began after the company released its financial results for the second quarter of 2024, which ended on June 30.

PayPal (PYPL 0.40%) had a tough beginning to 2024, with its shares falling 6% in the first half of the year. However, the fintech company has made a strong comeback, rising 42% in the last six months, leading to a total gain of 39% for the year so far (as of December 18), significantly outperforming the S&P 500.

The Federal Reserve (the Fed) has lowered interest rates once more, marking the third cut in a row during their meetings this year. This recent decision will have many effects as it influences the economy.

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.