PayPal: 3 Reasons Why Shares Could Rally

Summary
  • PayPal is set to benefit from a strong U.S. economy, with recent job reports showing better-than-expected growth and a 6.4% year-over-year pay increase.
  • The company made strides in reducing operating costs, with a non-GAAP operating margin of 22.7% in Q1, and plans to grow its margin by >100 basis points in FY 2023.
  • PYPL’s strong free cash flow and potential for stock buybacks, along with a discounted valuation compared to competitors, make it an attractive investment opportunity.

Last week’s jobs report showed that the U.S. economy may be able to avoid a recession altogether in 2023. PayPal (NASDAQ:PYPL) could be one company that benefits from a strong labor market as well as resilient consumer spending. Additionally, PayPal

READ FULL ARTICLE HERE!