PayPal Holdings Inc [PYPL] Revenue clocked in at $29.68 billion, down -3.66% YTD: What’s Next?

PayPal Holdings Inc [NASDAQ: PYPL] price surged by 1.39 percent to reach at $0.81. The company report on February 7, 2024 at 4:16 PM that PayPal Reports Fourth Quarter and Full Year 2023 Results.

PayPal Holdings, Inc. (NASDAQ: PYPL) today announced its fourth quarter and full year 2023 results for the period ended December 31, 2023. The earnings release and related materials discussing these results can be found on PayPal’s investor relations website at https://investor.pypl.com/financials/quarterly-results/default.aspx.

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PayPal Holdings, Inc. will host a conference call to discuss these results at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) today. A live webcast of the conference call will be available at https://investor.pypl.com. In addition, an archive of the webcast will be accessible for 90 days through the same link.

The one-year PYPL stock forecast points to a potential upside of 14.87. The average equity rating for PYPL stock is currently 2.20, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on PayPal Holdings Inc [PYPL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PYPL shares is $69.49 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PYPL stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Daiwa Securities have made an estimate for PayPal Holdings Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 13, 2024. The new note on the price target was released on February 09, 2024, representing the official price target for PayPal Holdings Inc stock. On February 08, 2024, analysts decreased their price target for PYPL shares from 95 to 80.

The Average True Range (ATR) for PayPal Holdings Inc is set at 2.12, with the Price to Sales ratio for PYPL stock in the period of the last 12 months amounting to 2.14. The Price to Book ratio for the last quarter was 3.01, with the Price to Cash per share for the same quarter was set at 13.12. Price to Free Cash Flow for PYPL in the course of the last twelve months was 15.02 with Quick ratio for the last quarter at 1.29.

PYPL Stock Performance Analysis:

PayPal Holdings Inc [PYPL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.90. With this latest performance, PYPL shares dropped by -6.13% in over the last four-week period, additionally sinking by -4.21% over the last 6 months – not to mention a drop of -21.62% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PYPL stock in for the last two-week period is set at 47.26, with the RSI for the last a single of trading hit 47.49, and the three-weeks RSI is set at 47.87 for PayPal Holdings Inc [PYPL]. The present Moving Average for the last 50 days of trading for this stock 61.10, while it was recorded at 58.55 for the last single week of trading, and 61.65 for the last 200 days.

Insight into PayPal Holdings Inc Fundamentals:

PayPal Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.29 and a Current Ratio set at 1.29.

PYPL Stock EPS

With the latest financial reports released by the company, PayPal Holdings Inc posted 1.17/share EPS, while the average EPS was predicted by analysts to be reported at 1.1/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PYPL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for PayPal Holdings Inc go to 19.80%.

PayPal Holdings Inc [PYPL] Institutonal Ownership Details

The top three institutional holders of PYPL stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in PYPL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in PYPL stock with ownership which is approximately 5.8325%.