2024-02-18 05:15:00 ET
The past year has been tough for PayPal (NASDAQ: PYPL) and its shareholders. The fintech stock has fallen 27% as investors lamented over lackluster growth and weak guidance, even as the S&P 500 advanced 20% amid a resilient economy. But Wall Street thinks PayPal stock is oversold.
The median price target among analysts is $68 per share, implying 17% upside from its current price. But Morgan Stanley analyst James Faucette is even more optimistic. His bull-case price target is set at $145 per share, implying 149% upside.
Investors should treat short-term forecasts with skepticism, especially when they come from individual analysts. But PayPal warrants a closer look given the Wall Street consensus.
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