PayPal(NASDAQ:PYPL) operates in the digital payment space, offering a technology platform that connects merchants and consumers worldwide. PayPal’s revenue has risen more than 100% since 2012. Its total payment volume has grown more than 20% per year.
PayPal is forging its way forward with new additions. Its P2P payment service Venmo, now has a shopping feature, allowing users to pay for online purchases. It also launched PayPal for Marketplaces, which gives businesses more flexibility and customization of integration with PayPal.
Stockal’s Confidence Meter is at 87%, and has seen a constant Increase since October 2017, indicating that Analysts have an increasingly bullish opinion on the stock.
Also, we see a considerably higher revenue prediction for PYPL for Q4 2017, which may push the stock prices up further.