Stockernumber2
Intro & Thesis
I initiated coverage of PayPal Holdings, Inc. (NASDAQ:PYPL) stock in May 2023 and have since authored 4 articles. The first 2 articles were published with a “Hold” rating but already in November 2023, I upgraded my rating to “Buy” after analyzing the company’s financials (as well as turnaround plans) at the time and observing an increase in its fair value. Following that update, the stock’s performance roughly tracked the broader market trends. However, after my most recent update in February 2024, PayPal’s stock has outperformed the market, surpassing the S&P 500 (SP500) (SPY) index’s return by more than 2x.
Seeking Alpha, my coverage of PayPal stock
My bullish view on PayPal stock remains unbroken today. Looking at the latest quarterly financials and operating metrics, I have the impression that the new management is effectively executing its strategies – the turnaround seems to be in its early…
