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- PayPal stock’s fundamentals show that the firm has continued its tremendous performance since 2010
- The yearly income of the firm remains soaring, and experts expect it will surge more in the coming years
- With the addition of crypto-related services, the firm will likely continue to attract more users to its platform
- In the short term, the payments giant can face struggles but will remain to continue in the leaderboard in a longer time-frame
PayPal is known as the payments giant globally that offers money transfer services. Financial experts have deemed that the stocks of the payments giant remained one of the top-performing stocks in today’s market. Observing the previous performance of the stocks, it is found that the firm boasts a consistent track record of earnings and sales growth since 2010.
On the other side, as the firm has integrated crypto-related services on its platform, the demand for the services have surged more. Indeed, following the current scenario, it is observed that the firm will continue its tremendous performance.
PayPal continues to surge since 2010
According to Investor’s Business Daily data, in 2010, PayPal investors had earned approximately 29 cents per share. However, in 2019 it was observed that the payments giant’s earnings skyrocketed by 31% to $3.88 per share. According to few market analysts, it is expected that the firm’s earnings per share (EPS) will grow by more than 18% this year and by more than 26% next year. Moreover, PayPal’s earnings report of 2020, which was released in February, revealed that the firm’s revenue has increased by 23%to $6.12 billion.
The reason behind the firm’s tremendous growth is considered the evolution of digital payments that impacted the world. Hence following the fundamentals of PayPal’s shares, it seems that the firm will potentially see an increasing growth.
Addition of cryptocurrency payments service
In late November, PayPal announced that the firm would integrate crypto-related services. Back then, the firm claimed that its users would be able to purchase Bitcoins and shop at 28 million merchants using such currencies. Notably, the feature has been integrated and rolled out since earlier this year.
Furthermore, PayPal also integrated such crypto-related services on its Venmo app. And the latest feature allowed Venmo users to use four types of crypto assets to make transactions. However, the quality is not available to all users and will be available to all in the next few weeks.
Is PayPal’s stock still worth buying?
Since the firm has been established, it is witnessed where it is standing in the current scenario. The evolution of digital payments shows a secular growth trend. In Q4 2020, the payments giant revealed that it added 16 million new users after it announced the addition of crypto services.
However, seeing the firm’s previous performance and the latest strategy related to crypto services, the firm’s future is clear. Hence, the firm may face struggles shortly, but in the long-term, PayPal will stay on the leaderboard.
