PYPL looking like it got run over by a truck, not gonna lie. Was trading around 75 bucks last summer and now it's chilling at 50.94. Someone call life alert for this chart. There was that epic nosedive in February below 45, and it's only barely clawed its way back. Whole year just looks like one sad stairway down. People holding since last summer probably need group therapy.
But here's the thing: I actually think this is the part where the bear meme gets stale. PayPal is still everywhere online (when was the last time you bought something without seeing that little blue button?). The doom spiral has already destroyed expectations, and now they've got some cost cutting and share buybacks rumored on the next call. That plus the fact that nobody is expecting good news means even a "not terrible" quarter could send it higher.
Yeah, there's competition (looking at you, Apple Pay and Stripe), but at this price, PYPL is basically getting priced like it's going out of business. Give me a break. All it takes is a halfway decent catalyst like a revenue beat or positive guidance to pump this thing. I’m calling for a modest bounce back to 59.00 in the next couple months.
Risk? Sure, if the next earnings is another faceplant or they guide down again, we’re going to see new lows and I’ll happily take my clown nose. But if even a tiny bit of optimism leaks back in, market will overreact in a good way. Next earnings for the win let’s see if PayPal can stop being the meme for "dead payment stock."
