PayPal Holdings, Inc. (NASDAQ: PYPL) continues to generate interest among investors and analysts alike, as evidenced by the upswing in its stock price. Among the key details drawing this attention are a recent expansion of its strategic partnerships with both Shopify and Fiserv in an effort to streamline check-out experiences. Furthermore, its Fastlane initiative aims to improve the guest checkout process. Retail giant Amazon also enlisted PayPal's services for their Prime platform.
Although earnings reportedly slumped over a three-year period, PayPal’s underlying earnings have grown, triggering an increased institutional ownership to approximately 72%. Despite posting a decline of 3.8% last year, the company has since seen its fortunes shift positively.
In cryptocurrency news, PayPal has made an innovative move to allow business accounts to buy, hold, and sell cryptocurrency. Analyst upgrades are also nudging the stock price upwards, with a 1.9% increase following one such upgrade. PayPal’s chances to continue rising have further been boosted by a positive Q4 forecast.
Paypal Holdings PYPL News Analytics from Thu, 08 Feb 2024 08:00:00 GMT to Sat, 05 Oct 2024 13:30:40 GMT - Rating 7 - Innovation 7 - Rumor -2
