2024-04-09 18:16:31 ET
Summary
- PayPal Holdings, Inc. stock prices have remained stagnant recently, but its earnings have been improving, with projected growth in the next few years.
- At ~13x P/E, it is simply a good GARP opportunity (growth at reasonable price) considering its scale, differentiating business model, and growth potential.
- The company's aggressive share buybacks further enhance the opportunity.
A good GARP opportunity
The stock prices of PayPal Holdings, Inc. ( PYPL ) have gone nowhere in the recent 1~2 years. As shown in the chart below, the price of PYPL stock has been largely sideways in the past year. I cannot blame the market, as there are indeed uncertainties surrounding the future of PYPL's business (I will revisit this toward the end)....
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PayPal: A Good GARP Stock Made Even Better By Buybacks