![]() ![]() In my prior Decemarticle, I noted that a catalyst for the stock will be "other e-commerce marketplaces and online businesses adopting Venmo (leading player in the US peer-to-peer payments space) as a payment option." Even before this potential catalyst materializes, Venmo was already growing very fast. ![]() In addition, some of PayPal's fast-growing businesses did very well in the recent quarter. PYPL's most recent quarterly top line was +0.4% above the sell-side's consensus forecast, while the company's non-GAAP adjusted earnings per share missed the Wall Street analysts' consensus estimate by a marginal -1.0%. On the positive side of things, PayPal's Q4 2021 financial performance largely met market expectations, and there were also a couple of bright spots. In contrast with the poor post-results announcement stock price performance for PYPL, I have a Neutral view of PayPal after I evaluated the company's key metrics. In aggregate, PayPal's shares have pulled back by -35% since PYPL announced its Q4 2021 results. PayPal last traded at $114.65 as of March 23, 2022, which represented an additional decline of -14%. PYPL saw its stock price fall by -25% from $175.80 as of Februto $132.57 as of Februfollowing the release of the company's financial results for the fourth quarter of 2021. But it will also be difficult for PYPL's shares to stage a strong rebound as its 2022 guidance appears to be realistic implying that substantial earnings beats are less probable. The stock's downside should be limited, considering the company's current stance on share repurchases. I think PayPal's shares will head nowhere and be range-bound in 2022 and this supports my Hold rating for the stock. In the current article, I assess the outlook for the company this year. I discussed PYPL's Q3 2021 results and its stock price weakness in my earlier article for the company published on December 28, 2021. I still have a Hold investment rating for PayPal Holdings, Inc. It studies various charts of various time frames to reach a prediction value.Sean Gallup/Getty Images News Elevator Pitch The AI algorithm does a complete analysis of charts of the stock, and determines where the stock might go in future. The AI Munafa prediction value is a complicated algorithm. How is AI Munafa prediction value determined? If the AI Munafa prediction value is near 50, then the stock might show a sideways movement. However, if this AI prediction value is near or nearing 10, then this stock might very well show a downward movement. ![]() If this AI Munafa prediction value is near or nearing 100, then this stock might show an upward movement. An up move can be expected only after it starts trading above 63.15 AI Munafa prediction value: 40 as on Wed 06 September 2023 Tomorrow's movement Prediction of PayPal Holdings, Inc. Not much is happening in the stock trend. PYPL appears to be moving in a flat line. Price is above an important level of 62.72 on charts, and as long as price remains above this level, the uptrend of stock might continue. ![]()
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