Is PayPal stock a good investment for 2024? Analysis and forecast by financial experts.

Is PayPal stock a good investment for 2024? Analysis and forecast by financial experts.

According to a report by www.sharedeals.de,

Paypal, the fintech company that operates the world-famous online payment service, caused its shareholders to lose a whopping 23% last year. The share is currently trading at US$61. But the figures most recently presented in the third quarter indicated a recovery. Total payment volume increased 15% to $387.7 billion, revenue increased 8% to $7.4 billion, and transactions per active account increased 13%. The new fourth quarter numbers are due on February 7th and are expected to be good.

In terms of the chart, the stock is in an upward trend and the stock's valuation can be classified as favorable with a price-earnings ratio (P/E) of 18 and a forward P/E of 12. The average price target of 45 market observers is currently $73.71, and none of them recommend selling the stock.

From a financial expert's point of view, the positive developments at PayPal speak in favor of investing in the stock. The expected improvement in the US economy and the Fed's planned interest rate cuts indicate a positive environment for the fintech company. It is therefore quite likely that the share's upward trend will continue this year.

H2 headings:
– PayPal introduced
– Shares gain +20% from October low
– Decent figures in the third quarter
– Technically on the rise
– Shares are cheaply valued