PayPal: Breakout Might Be Imminent (Upgrade)
PYPLPayPal(PYPL) Seeking Alpha·2024-07-31 02:26
JasonDoiy Second quarter results of PayPal Holdings, Inc. (NASDAQ:PYPL) showed that the fintech is making some minor progress in terms of combating account losses. PayPal also enjoyed double-digit growth in the important total payment volume metric, and now anticipates $1.0 billion more in free cash flow and share buybacks in 2024. The fintech also defended high operating margins exceeding 18% and forecasted stronger earnings growth than before 2Q24 earnings. Though I am still a bit skeptical about PayP ...