PayPal Holdings, Inc. PYPL shares are trading higher and trending on social media Friday. Here’s a look at what’s going on.
Upcoming Innovations:
PayPal will be hosting a keynote, PayPal First Look, at 12:30 p.m. ET on Jan. 25 to discuss the first innovations PayPal and Venmo are piloting and bringing to market this year.
“Twenty-five years ago, at the dawn of the internet, PayPal was created and e-commerce was born – fast forward through decades of innovation and unimaginable growth, PayPal is leading the way to provide safe, secure experiences to customers around the world,” said Alex Chriss, CEO of PayPal.
“I invite you to join us on January 25th to hear about the next chapter of PayPal and how we’re going to revolutionize commerce again through AI-driven personalization for both consumers and merchants.”
The PayPal CEO joined CNBC’s “Squawk Box” on Wednesday to discuss the upcoming event and said that the company will “shock the world.”
According to data from Benzinga Pro, PayPal shares are trading above the stock’s 50-day moving average of $59.06 and have gained 6.5% over the past five days.
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Investment Considerations: When deciding whether to buy a stock, there are some key fundamentals investors may want to consider. One of these factors is revenue growth. Buying a stock is essentially a bet that the business will continue to grow and generate profits in the future.
PayPal Holdings has reported average annual revenue growth of 14.49% over the past 5 years.
It’s also important to pay attention to valuation when deciding whether to buy a stock. PayPal Holdings has a forward P/E ratio of 11.19. This means investors are paying $11.19 for each dollar of expected earnings in the future. The average forward P/E ratio of PayPal’s peers is 22.36.
Other important metrics to look at include a company’s profitability, balance sheet, performance relative to a benchmark index, and valuation compared to peers. For in-depth analysis tools and important financial data, check out Benzinga PRO.
PYPL Price Action: According to Benzinga Pro, PayPal Holdings shares are up 5.24% at $65.35 at the time of publication.
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