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As with many companies during the pandemic, investors substantially bought into the stock thinking growth would persist for many years. But growth has slowed down, competition has increased, and higher interest rates pulled the prices of tech stocks down, including PayPal.
PayPal (PYPL -1.45%) is finally starting to attract some bullish sentiment from the investment community. At its 52-week low in April earlier this year, shares were trading a gut-wrenching 80% below their peak from July 2021. But in the past six months, they have soared 50% (as of Dec. 17).
You can't directly buy stocks via a PayPal account. However, many brokers will allow you to transfer your PayPal balance into an account and use it to buy stocks. You'll need to open a brokerage account with a platform that supports PayPal and link your accounts to buy stocks with your PayPal account.
You can't directly buy stocks via a PayPal account. However, many brokers will allow you to transfer your PayPal balance into an account and use it to buy stocks. You'll need to open a brokerage account with a platform that supports PayPal and link your accounts to buy stocks with your PayPal account.
Should you buy PayPal's stock right now? PayPal has survived the loss of eBay, weathered the inflationary headwinds, and is still squeezing more revenues from its existing users. From 2023 to 2026, analysts expect its revenue and EPS to grow at a compound annual growth rate of 6% and 11%, respectively.
PayPal has multiple segments that cater to a broad customer base of consumers and merchants. The business is incredibly profitable and has a sound balance sheet. In the wake of the stock's steep decline the past three years, it trades at a compelling valuation.
Buying PayPal shares is simple – just log in to SaxoInvestor, SaxoTraderGO or SaxoTraderPRO, and search using the ticker 'PYPL'.
Enjoy instant withdrawals from PayPal to your Equity bank account. Access other benefits of transacting with your bank account eg Eazzy Loans. Efficient 24-hour support.
This is really not a struggling business. However, investors seem to be worried about the competition in the payments industry. PayPal is still a leader in the space, and at the current valuation, it looks like an excellent long-term buy.
Best Places to Buy and Sell Stocks with PayPal – Reviewed (2024) Plus500. Pros. No buy/sell commissions and tight spreads. Pepperstone. Pros. Extensively regulated. AvaTrade. AvaTrade allows traders to deposit funds into their trading accounts using PayPal. XTB Trading. Pros. IG. Pros.