PYPL - Where Will PayPal Stock Be In 5 Years? An Expensive Stock But A Good Business
- PayPal has pulled back roughly 20 percent from its all-time high in July of this year, yet still trades for 54x 2021 earnings.
- PYPL is a growth stock through and through, with 20 percent annual projected revenue growth for the next 5 years.
- The market fears inflation for high growth names, but PayPal makes its money off of transaction volume and interest, which could actually benefit from inflation and/or higher rates.
- The real risk to PayPal stock isn't inflation but competition from other large tech companies.
- At today's prices, PayPal isn't a resounding buy but is still a good business. I'd wait for a dip to buy.
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Where Will PayPal Stock Be In 5 Years? An Expensive Stock, But A Good Business