2024-02-09 18:00:00 ET
Summary
- PayPal's Q4-2023 results showed robust total payment volume and growing total revenues.
- Non-GAAP EPS beat expectations, but the company's guidance for 2024 was extremely disappointing.
- We tell you why we think it is likely to break $50.00 in 2024.
In our last coverage of PayPal Holdings, Inc. ( PYPL ) we opined that things were setting up for a longer-term entry point, but we were not quite there yet. While the bulls saw a compelling buy and bears saw a terminal case, we went with a hold and suggested investors look at cash-secured puts for the $55 strike. We also used a four-letter expletive that growth investors hate. GAAP....
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For further details see:
PayPal: Mind The GAAP As You Look At The Free Cash Flow Yield