The lifelong continual growth of PayPal as a company and their stock has cemented them as the ultimate fintech company and have been unrivalled by many trying to copy them. Cryptocurrency platforms have even struggled to catch up and to help combat this competition, you can now hold your crypto and receive it to your wallet on PayPal.
The takeover rumours of Pinterest, in the end, were unfounded. The shock news sent the stock into a nosedive seeing it go from $308 per share all the way to $180. This was due to the takeover making no sense at all…what was a financial payments company going to do with a hobby craft website? Pinterest on the other hand gained 30% growth which quickly fell back down once the news was proved false.
Image courtesy of Finance.Yahoo.com
Since the crash, the stock has stayed stable and has now started to gain positive momentum with it eyeing up a $200 break in the near future. What’s safe to say about PayPal is that it has tremendous potential to grow back to its original highs and much further due to these core reasons:
- PayPal is valued currently at 229Billion
- It has close to 300million users.
- Its yearly revenue is now over $22Billion
- PayPal also owns Venmo, Xoom and Zettle.
Over the past 5 years, PayPal is still up over 370% with it losing 15% total in 2021. If PayPal was just to get back to all-time highs that’s over 50% of potential ROI but here at Tradeback we see this stock going from strength to strength and by close of business 2022, we estimate it to be valued at over $350 per share.
