PYPL - What's Killing PayPal
2024-05-14 10:00:00 ET
Summary
- PayPal is facing significant challenges as fintech rivals and increasingly tech-savvy banks expand into its territory.
- Recent strategic efforts by PayPal's new management, including Fastlane and PPCP, haven't adequately addressed the fundamental challenges facing the company.
- Shrinking market share overshadow PayPal's strong brand name, relative discount to peers, and positive FCF.
Investment Thesis
PayPal ( PYPL ) is losing ground to competitors. Fintech rivals and digital-savvy banks are stealing its customers and profits. The new leadership is scrambling to regain lost ground, but their efforts may be too little too late. The stock's suppressed price levels reflect this warranted pessimism....
What's Killing PayPal