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Is PayPal Holdings (PYPL) Outperforming Other Computer and Technology Stocks This Year?

Zacks Equity Research

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has PayPal Holdings (PYPL) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.

PayPal Holdings is a member of our Computer and Technology group, which includes 638 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. PYPL is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for PYPL's full-year earnings has moved 7.66% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the latest available data, PYPL has gained about 32.55% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 22.23% on average. This shows that PayPal Holdings is outperforming its peers so far this year.

To break things down more, PYPL belongs to the Internet - Software industry, a group that includes 89 individual companies and currently sits at #98 in the Zacks Industry Rank. On average, stocks in this group have gained 31.77% this year, meaning that PYPL is performing better in terms of year-to-date returns.

Investors with an interest in Computer and Technology stocks should continue to track PYPL. The stock will be looking to continue its solid performance.


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