AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Paypal stock prediction12/12/2023 PayPal also jumped on the ‘buy now, pay later’ bandwagon that enables shoppers to split the cost of big-ticket items over monthly instalments, with Schulman saying he has “never seen a product launch with that kind of scale so quickly”. Over the course of 2020, the company reacted quickly to COVID-19, enabling merchants to accept payments through QR codes as retailers urgently looked for ways to accept contactless payments. The company is confident that its ongoing work in the US, where people can buy, sell and hold Bitcoin, Bitcoin Cash, Litecoin and Ethereum with PayPal, will expand into other markets. “We’ve got a tremendous amount of really great results going on tactically with our crypto efforts.” The company also declared that it’s ready to build on this momentum – and the PayPal share price forecast reflects how the business has some tricks up its sleeve to see off stiff competition from the likes of Apple Pay and Google Pay in the months ahead.įor instance, the platform is now allowing users in the US to pay for purchases with cryptocurrencies, with CEO Dan Schulman saying: The platform’s fees, which are charged to merchants whenever a payment is processed, certainly add up. While this is down slightly from the final quarter of 2020’s $6.12bn, this could be accounted for by people spending more over Christmas. PayPal’s total net revenues surged by a staggering 29% year on year, resulting in exceedingly healthy revenue of $6.03bn. One reason why the PayPal stock forecast has been so appealing lies in how this company makes completing online purchases easy – enabling people to indulge in a spot of retail therapy from their sofas at a time of pent-up demand. COVID-19 hastened the shift from bricks-and-mortar stores to online shopping, with restrictions meaning consumers had to make purchases from home. PayPal stock forecast 2021: promising numbersĭuring the first quarter of 2021, PayPal had 392 million active accounts, up 14.5 million from the last quarter of 2020. So is PayPal a good stock to buy now, or are we likely to see a pullback from these record highs? Here’s how the PayPal stock prediction is shaping up for the rest of 2021. At the time of writing, the stock is trading at $247 – up nearly double from its low point less than a year ago. Since then, PYPL’s surge has been nothing short of jaw dropping. The PayPal share price wasn’t as badly affected by last March’s coronavirus sell-offs as other stocks were. Plus, as the recent launch of its crypto service shows, PYPL isn’t a company that’s sitting still. Despite the e-commerce sector being a fast-moving and often cut-throat space, the payments giant has managed to retain its market lead. The PayPal stock forecast for 2021 indicates that we’ll see a reprise of the company’s soaring performance last year.
0 Comments
Read More
Leave a Reply. |