PayPal Growth Expected to Continue

Since partnering with Visa (V) and Mastercard (MA) and introducing a new platform that makes it easier for customers to navigate among different funding methods, PayPal Holdings (PYPL) added 6.5 million new accounts and has seen its shares appreciate 26% during the last quarter. But despite the meteoric growth, Barron’s still sees room for the stock to appreciate further.

By signing 20 new partners in the last 18 months, launching Venmo, PayPal’s peer-to-peer payment platform, as well as a European regulation called Payment Services Directive II that will help the company gain better access to the banking system, the stock is expected to gain another 16% in 12 months, according to BMO Capital Market Analyst Paulo Ribeiro, as cited by Barron’s.

Leave A Reply

Your email address will not be published.