PayPal Holdings, Inc. (NASDAQ:PYPL) has gained 4.23% over the past month, reducing its year-to-date loss to 12.91%. The stock has increased by 30.85% since its 52-week low on April 8. Founded in 1998, PayPal was acquired by eBay and later became independent, but its market cap has fallen from a peak of $356.75 billion in July 2021 to $60.96 billion. The global fintech service market is expected to grow at a CAGR of 17.5% from 2023 to 2030, which presents a growth opportunity for PayPal and potential upside for investors.
Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) gained 4.23% over the past month, trimming the stock's year-to-date loss to 12.91%. However, the payment processor is up 30.85% since its 52-week low on April 8. The company reports Q2 earnings on July 29 before the market opens.
PayPal, which was founded in 1998, has endured some growing pains leading to a market cap reduction from a peak of $356.75 billion in July 2021 to its current $60.96 billion.
The global fintech service market is forecast to grow at a CAGR of 17.5% from 2023 to 2030, indicating significant potential for companies like PayPal that are positioned in this dynamic industry.
24/7 Wall Street performed an analysis suggesting there is still a big-time upside potential for PayPal before the end of the decade, making it appealing for prospective investors.
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