PayPal: Underappreciated Growth
- PayPal has seen its stock fall below pre-Covid levels despite the company continuing to generate solid growth rates.
- The market doesn't appreciate the level of innovation taking place at the digital payment company with a massive TAM.
- PYPL stock trades at a massive discount at only 12x forward EPS estimates due to oddly low investor confidence.
The market can be a perplexing place due to valuations being highly subjective and driven mainly by confounding financial metrics. A prime example of this issue is the depressed value of PayPal Holdings (NASDAQ:PYPL) despite knowledge of tough Covid era comps while some tech giants have limited growth and off the charts investor confidence. My investment thesis is ultra Bullish on the stock of the digital payments company trading below pre-Covid levels.
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