Where Will PayPal Be in 1 Year?
The fintech powerhouse is making a lot of changes.
A lot has changed at PayPal Holdings (NASDAQ: PYPL) recently. Chief Executive Officer Alex Chriss took over a year and a half ago and set new strategies into motion, and the stock price is up more than 30% during the past year. It was up even more, but the shares fell after the company released its fourth-quarter earnings report last week.
Investors had been excited about a turnaround, and there's been healthy progress, but the market was disappointed in the latest update.
Revenue growth hasn't been PayPal's problem, although it has decelerated since the early days of the pandemic lockdowns, when everyone was shopping online and the company had some of its best quarters ever. In the latest quarter, revenue increased 4% year over year, and it was up 7% for the full year.
