PayPal Holdings
suffered big losses in 2022. The stock still faces several challenges, but one seems to be resolving, according to a
Mizuho
analyst.
Shares of the payment company (ticker: PYPL) fell 62% in 2022 as investors soured on growth-oriented names amid fears of a recession. PayPal also had its own problems last year. The company pushed further into cryptocurrencies last year at a time when the market fundamentals for the digital asset were in ruins. Competition from rivals like
Apple
Pay, Google Pay and Amazon Pay remained stiff.
Source: https://www.barrons.com/articles/paypal-stock-outlook-51672840555?siteid=yhoof2&yptr=yahoo
Apple Has Been a Problem for PayPal. This Analyst Says That’s Changing.
PayPal Holdings
suffered big losses in 2022. The stock still faces several challenges, but one seems to be resolving, according to a
Mizuho
analyst.
Shares of the payment company (ticker: PYPL) fell 62% in 2022 as investors soured on growth-oriented names amid fears of a recession. PayPal also had its own problems last year. The company pushed further into cryptocurrencies last year at a time when the market fundamentals for the digital asset were in ruins. Competition from rivals like
Apple
Pay, Google Pay and Amazon Pay remained stiff.
Source: https://www.barrons.com/articles/paypal-stock-outlook-51672840555?siteid=yhoof2&yptr=yahoo