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CrosbyVenture
May 25, 2023 2:33 AM

Is Paypal a Memestock? Long

PayPal Holdings, Inc.NASDAQ

Description

Mounting debt may be an issue, but there's no way NASDAQ:PYPL should look like this from a chart perspective.

While NASDAQ:NVDA became the 6th largest company in the world today, Paypal used to be a $400+ billion dollar enterprise, but it looks like junk now.

What gives? The company still throws off more than 30b in revenue a year, pricing it at only 2.5x sales???

A lot of worry has been put into NASDAQ:AAPL launching their new payments platform, but no actual product has hit the market yet. Until then, PayPal is still for sure the global leader and an undervalued player relative to its peers.

Maybe NASDAQ:EBAY will buy them back?
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