2024-02-12 23:26:23 ET
Summary
- PayPal reported fourth quarter results and while the results were solid, guidance was rather disappointing.
- Despite declining active accounts and declining gross margins, PayPal still has a wide economic moat around its business in my opinion.
- And the stock remains deeply undervalued - even when calculating with rather cautious growth assumptions.
PayPal Holdings, Inc. ( PYPL ) continues to be a huge disappointment for investors. Following earnings last week, the stock declined as much as 11.5% the next trading day and although it recovered a bit on Friday, the stock is once again close to the multi-year lows of $50. Right now, PayPal is trading almost for the same stock price as in mid-November 2023 when my last article was published....
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For further details see:
PayPal: How Long Can The Market Be Wrong?