Where Will PayPal Stock Be in 1 Year?

PayPal's (NASDAQ: PYPL) stock closed at an all-time high of $308.53 on July 23, 2021. At the time, the pandemic was generating strong tailwinds for its business as more people shopped online and used digital payments. That growth spurt offset the loss of its former parent company, eBay, to its Dutch competitor Adyen as its preferred payments provider in a five-year transition from 2018 to 2023.But by Oct. 27, 2023, PayPal's stock had sunk to a six-year low of $50.39. The bulls fled as those pandemic tailwinds dissipated, inflation curbed consumer spending, and it faced tougher competition across the fragmented digital payments market.Image source: PayPal.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool