From Yahoo Finance:

Thanks to the “Magnificent Seven” stocks, market indexes are hitting all-time highs. PayPal’s stock has plummeted 81%, but its financials remain strong with $29.8 billion in revenue and $1.5 trillion in total payment volume. The stock is a bargain with a low P/E ratio of 11.4, making it a smart buy for 2024.

PayPal’s strong position in the competitive payments industry is threatened by Apple Pay, Google Pay, and other services vying for market share. Investors should monitor PayPal’s ability to increase its total payment volume and retain users to ensure long-term success. Despite competition, PayPal’s discounted valuation suggests it could be a winning investment.

Analysts highlight PayPal as one of the best stocks to buy in 2024 with its potential for growth and competitive advantage. Investors should consider PayPal’s resilience in the face of intense competition in the payments industry when evaluating its long-term prospects. PayPal’s discounted valuation and strong financial performance make it a strategic investment choice for the future.



Read more at Yahoo Finance: Going Bargain Hunting? PayPal Is the Best Beaten-Down Stock to Buy in 2024, but Only If You Believe 1 Thing.