2024-05-02 06:45:00 ET
PayPal (NASDAQ: PYPL) hasn't proven a profitable stock lately. But when you dig into the numbers, there's reason to believe the shares could have considerable upside over the next several years. In fact, the stock could foreseeably double in value by the end of 2025. Here's why.
Most people are familiar with what PayPal does. The company operates an online payment system. Through the company's app, website, or merchant integrations, anyone can safely send and receive money online, whether that's paying a friend back for dinner or purchasing a used vehicle on eBay .
PayPal generates most of its revenue by charging fees on these transactions. In return, consumers know that their money is safe. If a merchant doesn't follow through on a purchase, for instance, PayPal will provide recourse for the buyer.
For further details see:
What Will PayPal Stock Be Worth in 2025?