It's not surprising that its growth rate has slowed. It had huge growth when the pandemic forced everyone to shop online, and as the industry leader in digital payments, PayPal was a major beneficiary of that shift. Granted, that's happened in the aftermath of some of its best quarters ever. Is this a deal that's right for your portfolio? Why is PayPal on sale?Īfter being a growth stock for many years, PayPal's revenue growth has sharply decelerated. However, it's climbing back, up 4% so far in 2023. Wall Street hasn't been too impressed, and PayPal stock is down about 34% during the past year. However, it still dominates its industry with increasing sales and robust profitability. Fintech leader PayPal Holdings ( PYPL -3.69%) has come under a lot of pressure the past two years as it faces new competition and a slowing e-commerce market.
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