PayPal is one of the most popular online payment services in the world and one of the best stocks on the Nasdaq according to many investors.. Users love it for its ease of payment and its safety record. And, over the past few years, it has expanded its user base and functionality at an impressive pace. Last year, for instance, the company processed over $164 billion worth of transactions in the global e-commerce market. However, the business is not without its challenges. Competition from established rivals like Amazon and WhatsApp has been intense. And, with its initial public offering (IPO) less than two weeks away, it seems like a good time to take stock of where the company is heading. In this article, we discuss our outlook on PayPal’s stock.
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What is PayPal’s Stock Price Today?
PayPal stock opened trading on August 15, 2018, at $77.45 per share. At the time of this writing, it trades at $78.04 per share, down 0.70% from its opening price. This is a significant drop from the company’s all-time high of $91.66 per share, which it reached in March 2018. However, days before the company’s IPO, analysts and investors were concerned about an investigation into its business practices. People were worried that the news could send the company’s stock price tumbling. And, this is exactly what happened.
PayPal Stock Forecast: Will eBay’s Purchase Make You Money?
As of this writing, the eBay-PayPal deal is still in the works. But if it goes through, it will change the payments landscape. People may start using PayPal more often, and this could drive up its stock price significantly. However, a merger between the two companies may not be possible, because the Federal Trade Commission (FTC) has reportedly filed a lawsuit against it. If the FTC wins the lawsuit, the deal may fall through, and PayPal’s stock price may drop. The deal may go through, though, and if it does, PayPal stock could rise. We’ll know more about the deal’s status after the IPO and market close on September 20, 2018.
Why is PayPal’s Stock Worth Watching?
PayPal has been one of the most successful online payment companies in recent years. With clients like eBay, Uber, and Airbnb, it has helped facilitate billions of dollars’ worth of global e-commerce transactions. It has also built a strong reputation for trust and safety. And, with the addition of Mobile Pay, it is now the go-to platform for most users looking to pay with their smartphones. If these trends continue, PayPal’s growth could continue for the foreseeable future. But one challenge that the company faces is Amazon. The e-commerce giant has been a huge competitor, and it has made inroads into PayPal’s traditional market. As a result, PayPal’s future growth may be limited by its ability to expand outside of the U.S.
Should You Buy PayPal’s Stock?
There are a number of reasons why you may want to consider investing in PayPal’s stock. For one thing, this is a business with a solid track record. Since its launch in 1999, PayPal has helped hundreds of millions of people around the world send money with ease. And, with the addition of the Mobile Pay feature, it has also become an important part of people’s daily lives. The only thing that could derail this success is a decline in popularity or an unfriendly regulatory environment. There are a number of risks that could bring this about, so you’ll want to keep your eyes open for signs of these problems.
Summary
PayPal is one of the most popular online payment services in the world. Users love it for its ease of payment and its safety record. And, over the past few years, it has expanded its user base and functionality at an impressive pace. Last year, for instance, the company processed over $164 billion worth of transactions in the global e-commerce market. However, the business is not without its challenges. Competition from established rivals like Amazon and WhatsApp has been intense. And, with its initial public offering (IPO) less than two weeks away, it seems like a good time to take stock of where the company is heading. In this article, we discuss our outlook on PayPal’s stock.
How can we trust this report?
Financial analysis and research is hard work. It’s not easy to find the best sources of information and figure out the context surrounding a particular issue. To help you make sense of the news, we’ve done our best to track down the sources behind this report and verify their claims. We’ve also done some additional research of our own to make sure that we’re presenting you with accurate information. We’re confident in the accuracy of our analysis, and we hope it helps you understand where PayPal’s stock price is headed from here. If you have any questions or comments, feel free to leave them below.