- Maggio 12, 2022
- Posted by: Oliver
- Categoria: Economics, Finance & accounting
Commanding a market cap of over $91 billion, San Jose, CA-based PayPal is considered one of the pioneers in the digital payments space. Established in 1998, the company operates as a payment processor for online vendors, auction sites and many other commercial users.
PayPal has an allocation of 4.51% in the Best Performing Portfolio on TipRanks.
Yet, the stock has been a laggard so far this year, declining a massive 59.6%, compared to the tech-heavy Nasdaq Composite Index’s decline of 25.9%.
Recently, Barclays analyst Ramsey El Assal reiterated a Buy rating on the stock with a price target of $125, which implies upside potential of 58.7% from current levels.
Overall, the Street has a Strong Buy consensus rating on the stock based on 27 Buys, five Holds and one Sell. PYPL’s average price target of $129.06 implies upside potential of 63.9% from current levels. Shares have declined 68.3% over the past year.
TipRanks’ Website Traffic Tool, which uses data from SEMrush Holdings, the world’s biggest website usage monitoring service, offers insight into PayPal’s performance this quarter.
According to the tool, the PayPal website recorded a 63.47% monthly rise in global visits in April against the same period last year. Further, the footfall on the company’s website has grown 105.52% year-to-date, compared to the previous year.
