2024-02-12 14:06:08 ET
Summary
- Investors rushing in to buy PayPal Holdings, Inc. after the stock's recent decline should be prepared for more pain ahead.
- The earnings release was not as bad to justify an 11% drop on the day, but that doesn't mean that the market will change its mind on a dime.
- I remain optimistic on PayPal's business model, but I don't expect a quick turnaround, either.
PayPal Holdings, Inc. ( PYPL ) reported its full fiscal year results last week, and once again the opinions on the stock are very divided. On one hand, we have investors looking for value who are seeing a significantly undervalued opportunity, and on the other end of the spectrum is the market that continues to punish the stock....
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PayPal: Both Bears And Bulls Could Be Wrong