PYPL - PayPal: Advise Caution Given The Shift From An Innovator To A Commodity Service Provider
2024-06-30 11:06:44 ET
Summary
- PayPal shares have dropped significantly in the past few years due to changes in outlook and high multiples.
- Competition in the digital payments industry poses a threat to PayPal's core business.
- Despite good fundamentals and attractive pricing, caution is advised in investing in PayPal due to structural risks and market unpredictability.
PayPal ( PYPL ) shares have already accumulated a drop of 80% since their peak in mid-2021 and around 49% in the last 5 years. The factors responsible for this drop were a mix of factors, but mainly the changes in the outlook that were incorporated into the prices (multiples)....
PayPal: Advise Caution Given The Shift From An Innovator To A Commodity Service Provider