2024-05-09 08:46:58 ET
Summary
- PayPal reported solid first quarter results and the stock is still undervalued.
- But without a clear catalyst, it could take quite some time before the stock is moving higher again.
- And especially improving margins and an improving number of active accounts might turn sentiment for PayPal around.
In my last article about PayPal Holdings, Inc. ( PYPL ) I asked the question how long the market can be wrong. And while PayPal is still far away from its previous all-time high, the stock increased about 14% since my last article was published (and PayPal outperformed the S&P 500). But performing well in one single quarter or for a few months is certainly not enough to qualify as a great long-term investment and during the last few years, PayPal was still a horrible investment....
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PayPal: Still Waiting For Sentiment To Improve