|Bid||277.11 x 800|
|Ask||277.11 x 1200|
|Day's Range||274.86 - 279.44|
|52 Week Range||164.01 - 309.14|
|Beta (5Y Monthly)||1.15|
|PE Ratio (TTM)||78.84|
|Earnings Date||Jul 27, 2021 - Aug 02, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||313.07|
PayPal Holdings Inc will lift merchant costs for its branded payment products while cutting those for behind-the-scenes processing of some Visa and Mastercard transactions, a bold move in an increasingly competitive digital payments sector. The strategic shift reflects Paypal's increasing power in the marketplace for online transactions, which surged during the COVID-19 pandemic. The company said the move reflected the value of its proprietary services, with consumers nearly three times as likely to complete a purchase when Paypal products are available at checkout, while those who use the new buy-now-pay-later option spend an average of 15% more.
Top digital payments stock PayPal is one of the leading growth stocks in the current stock market. But is it a buy right now?
Adobe is rising on strong earnings, with Amazon and Google right at buy points. Be alert to sector shifts in the stock market rally.