PayPal Analysts See a Lot to Like, But Not Right Now
- Analysts expect shares to almost double in 12 months
- E-commerce slowdown, rising inflation have hurt stock
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Even as PayPal Holdings Inc. has gotten swept up in the selloff in technology stocks, the investment case for the digital-payments company has only gotten stronger, in the view of analysts, given its record-low valuation and the trends in favor of e-commerce.
Wall Street sees the company’s shares jumping 90% over the next year, according to data compiled by Bloomberg. Only Etsy Inc. has a stronger potential return among companies in the S&P 500. Paypal shares rose 0.5% in early trading on Monday.