PayPal won a legal victory against the U.S. consumer protection watchdog.According to court documents cited in a Friday (March 29) Law 360 report, U.S. District Judge Richard J. Leon tossed out an aspect of the so-called “prepaid rule” for digital wallets that went into effect five years ago and became the center of PayPal’s case against the Consumer Financial Protection Bureau (CFPB).In doing so, the report said, the judge agreed with PayPal that the CFPB “had no rational justification” for placing digital ...

There hasn’t been a lot of good news to report for PayPal (NASDAQ:PYPL) shareholders over the past five years. PYPL stock is down 35% in this period, 121 percentage points worse than the S&P 500 on a relative basis. There are many reasons for this lack of performance. However, if you’re a glass-half-full person, that it’s up 34% since hitting a five-year low on Oct. 27, 2023, might help.It is an indication that the worst could be over for CEO Alex Chriss, who officially took over the top job on Sept. 27, 20 ...

Troubled fintech company PayPal Holdings (PYPL 0.63%) has slowly lumbered from the depths of its 52-week low near $50 to the mid-$60s, a nice little move for investors who managed to buy near the lows.But zoom out, and you see a trail of pain and red ink. The stock is still down tremendously from its former highs from years ago. There are a lot of unknowns surrounding the company right now. The new CEO, Alex Chriss, is trying to bring the business back to relevancy.Is it too late to buy PayPal stock? No, th ...

Splitting the bill with Venmo, paying with your Starbucks app, tap-and-go with your phones – how we pay for things has changed forever. But while our options have changed, and are still changing, some small business owners seem determined to either keep us counting bills or jump feet first into their idea of the future.Case in point from my home town: the owner of the restaurant in South Philadelphia who “doesn’t accept credit cards” and instead forces their customers to use an ATM machine which – convenien ...

Morsa ImagesSummary During the COVID-19 pandemic, PayPal Holdings Inc. (NASDAQ:PYPL) experienced a significant rally, with its share price nearly tripling. However, the company has since witnessed a decline of approximately 80% from its peak, primarily due to slowing growth and increased competitive pressures. Presently, the stock's valuation does not seem to offer a compelling entry point based on conservative estimates, though it is not deemed excessively overvalued. An entry point around the low $50s ...

Key PointsAfter facing challenges in 2022 and 2023, PayPal's stock has held steady, rising 7.7% year to date and hovering above its 200-day SMA, signaling a potential shift in momentum.PayPal's stock displays an inverted head-and-shoulders pattern, potentially signaling an upward trend, especially if it surpasses the neckline around $68 to $70.Analysts remain divided on PayPal's prospects, with a consensus hold rating and a steadily decreasing price target over previous months.5 stocks we like better than P ...

Once deemed an overpriced fintech stock, PayPal (NASDAQ:PYPL) stock has since become attractively-priced for investors. Formerly dominant in online payments, PayPal faced heightened competition from Apple, Google, and others. Declining online shopping post-pandemic forced PayPal into less lucrative ventures, squeezing gross margins to 45.8% in Q4 2023. Shares plummeted 80%, leaving a $66.9 billion market cap, raising questions about its future.Under new CEO Alex Chriss, PayPal is undergoing strategic change ...

Investors usually miss undiscovered treasures in the constantly changing stock market landscape. Even though the big dogs usually get all the attention, underdogs occasionally have the best chance of making a huge return. Here are three underrated stocks ready for a comeback that are heavyweights in their fields. These stocks may completely change the nature of the industry by 2024.To begin with, the first one’s deliberate growth of its direct-to-consumer (D2C) market offers a profitable route to global sup ...

NX Technologies raised 22 million euros (about $24 million) in a Series B funding round led by PayPal Ventures.The company will use the capital to strengthen its market position in Germany, expand into new markets in Europe and grow its digital payment management platform for the automotive industry, bezahl.de, NX Technologies said in a Wednesday (March 20) press release.The new product development will focus on “enabling automotive players to offer embedded finance products to their customers at the right ...

In the latest market close, Paypal (PYPL) reached $63.01, with a -1.9% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 0.57%. Elsewhere, the Dow gained 0.83%, while the tech-heavy Nasdaq added 0.39%.The technology platform and digital payments company's stock has climbed by 8.61% in the past month, exceeding the Computer and Technology sector's gain of 3.42% and the S&P 500's gain of 2.97%.The upcoming earnings release of Paypal will be of great interest ...