Name of opportunity: 👀
PayPal Holdings, Inc
Juicy Q2 results this summer: 🍓
PayPal released its second quarter earnings yesterday, delighting investors with the news that it had achieved a revenue of US$7.89 billion, higher than the estimated US$7.82 billion. That’s a 9% increase from its revenue this time last year.
The company’s peer-to-peer payments grew this quarter for the first time in 3 years. Across all PayPal’s platforms (apart from Venmo) there was an average increase of 4% - but payments on Venmo increased by an impressive 8%.
How hot is this investment opportunity? 🔥🔥🔥
PayPal has not had a great few years, having fallen 80% since its peak in 2021. However, this positive news about the second quarter earnings has got investors interested again in the fintech stock, and it has risen by 3% in the last day alone.
Analysts now predict the price of PayPal Holdings, Inc. will increase from $65.98 to $75.57 in the next 12 months. If you invested $1000, you might profit $180.80.
PayPal also shared that it has increased the number of planned share buybacks this year, from US$5 billion to at least US$6 billion. That’s good news for investors who already hold PayPal stock and plan to keep hold of it, as this process will increase the value of those stocks still on the market by bringing so many back under PayPal’s control.
Fintech classic: 💸
PayPal’s payment solutions enable its customers to connect, transact, and send and receive payments, whether they are online or in person. As well as connecting merchants and customers, PayPal’s peer-to-peer brands like Venmo (which has done especially well this quarter!) enable individuals to send friends and family members cash or easily split a bill. PayPal was founded in 1998 as Confinity and was bought by eBay in 2002. eBay then spun PayPal off as a separate company in 2015.
Which neme?: 🔍
‘Crypto’ - did you know you can also buy, sell and transfer cryptocurrency on PayPal?
Download Nemo to check out PayPal - how high will it go?
