This fintech star still has room to rise

Article Excerpt

PayPal has soared 460% in the past five years. That stunning success is due to two main factors: its spin-off from eBay has helped to draw new investors; and there’s been soaring demand for electronic payments as more consumers buy goods online during the COVID-19 pandemic. PayPal’s recent announcement that users can now pay with cryptocurrencies like Bitcoin should further add to gains. PAYPAL HOLDINGS INC. $192 is a buy for aggressive investors. The company (Nasdaq symbol PYPL; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 1.2 billion; Market cap: $230.4 billion; Price-to-sales ratio: 11.7; No dividends paid; TSINetwork Rating: Above Average; www.paypal.com) processes online transactions on millions of websites, including purchases made on eBay, its former parent company. As of June 30, 2020, it had 346 million active users worldwide. On July 1, 2015, eBay spun off PayPal as a separate firm. Investors received one PayPal share for each eBay share they held. PayPal’s revenue then soared 92.2%, from $9.25 billion in 2015…