2024-08-03 06:25:00 ET
Shares of PayPal (NASDAQ: PYPL) were climbing higher after the company reported strong second-quarter results and raised its full-year guidance. Even with the jump in price, the stock is still down more than 20% over the past year.
Let's look at the payment company's most recent results, long-term prospects, valuation, and whether or not it's too late to buy the stock.
For the second time this year, PayPal increased its full-year guidance following a strong earnings report.
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PayPal Shares Jump on Strong Guidance. Is It Too Late to Buy the Stock?