PayPal Stock: The Market Got It Wrong

chameleonseye Intro & Thesis I initiated coverage of PayPal Holdings, Inc. (NASDAQ:PYPL) stock in May 2023, initially giving them a "Hold" rating, citing slowing business growth rates and still expensive valuation at the time. However, in late November 2023, I upgraded the stock to "Buy" seeing a jump in PayPal's fair value. Since then, PayPal has seen a 17% surge before experiencing an 11% decline after the latest report for Q4 FY2023. Author's coverage of PYPL stock Despite the negative reaction following ...