PayPal Holdings (PYPL) has seen varying performance in recent times, featuring peaks of gains, underperformances against competitors, and notable drops in share prices. Ahead of the Q2 and Q1 2024 earnings, views remain split, with some believing in the potential stock's turnaround, while others remain cautious about Apple Pay's competitive threat. Reddit users consider PayPal undervalued, and the company saw increased share purchases by Bessemer Group and Natixis. While the Q2 report indicated a dip despite strong performance, institutional ownership rose to 71%, indicating significant market faith. Deutsche analysts project strong upside potential. However, the stock declined by 7.7% since their previous earnings report. Despite reports of a forecasted profit decline in 2024 due to a 'transition year,' others view the dip as an opportunity for investment. Insider sales have taken place by director Deborah Messemer, and the company reported stronger earning in Q4 and full year 2023, although the subsequent stock performance lagged. Sentiment has yet to fully recover, with Wall Street expecting a more definitive upturn. Some view the company's stock as dirt-cheap and worthy of immediate investment, whereas others cite struggles and concerns over new leadership.
Paypal Holdings PYPL News Analytics from Fri, 19 Jan 2024 08:00:00 GMT to Sun, 28 Jul 2024 08:57:30 GMT - Rating -2 - Innovation 1 - Information 6 - Rumor -2
