2024-06-06 16:49:40 ET
Summary
- The CEO's speech at the BofA Conference yesterday has infused optimism by reiterating a commitment to enhance offerings and drive innovation.
- PayPal's new digital advertising venture holds significant potential due to the vast industry size; even a small market share could greatly boost revenue.
- Valuation analysis shows a fair share price estimate of $74 with a compelling 17% upside potential.
Introduction
I had a 'Strong Buy' thesis for PayPal's ( PYPL ) stock in March. The recommendation keeps up well because the stock gained 6.3%, compared to +4.3% from the S&P 500. The company continues moving towards its revised strategy focusing on profitable growth....
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PayPal: Expansion Into Digital Advertising Is Smart