PayPal Holdings, Inc. PYPL shares are trading higher and trending on social media Friday. Here’s a look at what’s going on.
Anticipation Builds Up:
Investors and media buzz about PayPal’s upcoming keynote, “PayPal First Look,” scheduled for 12:30 p.m. ET on Jan. 25 to discuss the first innovations PayPal and Venmo are piloting and bringing to market this year.
CEO of PayPal, Alex Chriss, expressed, “Twenty-five years ago, at the dawn of the internet, PayPal was created and e-commerce was born – fast forward through decades of innovation and unimaginable growth, PayPal is leading the way to provide safe, secure experiences to customers around the world. I invite you to join us on January 25th to hear about the next chapter of PayPal and how we’re going to revolutionize commerce again through AI-driven personalization for both consumers and merchants.”
Chriss also made a bold statement during a CNBC interview, indicating that the company will “shock the world” with their announcements.
Market Insights:
Data from Benzinga Pro shows PayPal trading above the stock’s 50-day moving average of $59.06 and has gained 6.5% over the past five days.
What To Consider:
Long-Term Potential: PayPal Holdings has reported average annual revenue growth of 14.49% over the past 5 years, demonstrating long-term growth potential.
Furthermore, the company’s forward P/E ratio of 11.19 suggests an attractive valuation compared to industry peers (average forward P/E ratio of 22.36).
Investment Considerations:
In addition to revenue growth and valuation, investors should consider a company’s profitability, balance sheet, performance relative to market index, and valuation compared to peers for informed investment decisions.
Current Performance: According to Benzinga Pro, PayPal Holdings shares are up 5.24% at $65.35 at the time of publication.
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