PayPal price prediction amid CEO promise to ‘shock the world’

PayPal Holdings Inc. (NASDAQ: PYPL) faced a decline in value since 2021 due to stock market doubts and a competitive landscape. Analysts attribute part of the challenges to the Federal Reserve’s interest rate hikes starting in early 2022.

However, a more optimistic macroeconomic scenario could set the proper conditions for a bullish turnover for PayPal shareholders. Moreover, Alex Chriss appeared for the first time for an interview on CBNC since stepping into the CEO role.

In the interview, Chriss promised to “shock the world” despite saying that “there hasn’t been a lot to celebrate in the last few years.” Essentially, the promise is linked to an “innovation day” expected on January 25, which the market already started to price.

PYPL stock analysis; Will PayPal ‘shock the world’?

Notably, PayPal stock surged 15% since its CEO’s promise, according to Gurgavin Chandhoke in a post on January 19. The even-driven renowned trader mentioned that “expectations are high” to see what PayPal will unveil next week.

Meanwhile, PYPL closed the week at $65.82 per share, with 78% accumulated losses since its all-time high in 2021. The company’s stock traded as high as $310.16 back then, reaching historical lows of $50.25 in 2023.

PayPal Holdings Inc. (NASDAQ: PYPL) weekly chart. Source: TradingView

Nevertheless, Chandhoke celebrated 25% gains from his purchase in October 2023 at $52.70 per share. The analyst expects at least another 40% increase from current prices in decurrence of the promise to “shock the world.”

In particular, this would mean a run to around $92 per share if Gurgavin Chandhoke’s forecast plays out. More skeptical traders anticipate a “buy the rumor, sell the news” event, but enthusiasts consider this an unlikely scenario.

All in all, PayPal stock’s short-term future now lies on January 25’s “shock the world” announcement. Investors must remain cautious and expect volatility as the event date approaches. Despite these challenges and changes, PayPal remains a major player in the financial technology industry.

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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Source: https://finbold.com/paypal-price-prediction-amid-ceo-promise-to-shock-the-world/