2024-02-20 05:49:00 ET
In a world where more and more transactions occur digitally, it would be logical to assume a company specializing in digital payments would be a massive winner for investors. However, PayPal (NASDAQ: PYPL) is only up 64% since its 2015 IPO, lagging the S&P 500 's return over that same time frame.
More recently, PayPal's stock fell sharply after its Q4 and full-year 2023 results were released. The stock has recovered a bit after falling nearly 12% initially, but is still down 5% since the report.
This may all sound bad, but there's a lot of reason for hope. Let's dig in to see if PayPal is a buy after its post-earnings dip.
For further details see:
This Nasdaq Stock Is Down 5% Since Earnings. Is It a Buy Now?