Although a successful industry-leading company, PayPal (PYPL) hasn’t been the best to its shareholders. Here we are with another interesting plot. A study on ” Can PayPal Double in 5 Years? The stock has surely lost around 28% of its value in the last five years. Looking at this from a while the Nasdaq Composite Index has got itself more than doubled.
Can PayPal Double in 5 Years?
PayPal has been benefiting from the rise of digital payments from the time it was part of eBay to today. The popularity of online shopping, coupled with the digitization and globalization of commerce, has also propelled PayPal. There’s no other reason to believe that this trend won’t keep boosting the business in the long term.
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But why does PayPal deserve to keep succeeding?
Paypal’s digital wallet is the most widely accepted in North America and Europe, with nearly 80% market share among the top 1,500 merchants in these two continents. This wide acceptance puts PayPal in a prime position than any other of its competitors. Because of the company’s outstanding performance in the past two decades, successfully handling payments safely and securely, PayPal is a trusted industry name that doesn’t go unnoticed. Both enterprises and consumers realize this. Also on the other hand by operating a two-sided ecosystem that can collect data from both individuals and merchants, PayPal is better able to detect fraud while increasing authorization rates than rivals that only deal with one side of a transaction.
In conclusion one can surely say that keeping the outstanding performance of Paypal in mind we can make it double its value in 5 years.
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