Will it Have a Relief Rally After Earnings?
PayPal stock price continued its strong downward trend this year as it crashed to its lowest level since October 2023. It has slumped by 10% this year as it underperformed the broader market, with the S&P 500 and Nasdaq 100 hovering near their all-time highs. So, what next for the PYPL stock ahead of its earnings?
PayPal Has Become a Fallen Angel
PayPal, one of the biggest fintech companies globally, has come under pressure in the past few years. It crashed from a high of $300 in 2022 to the current $52 as its revenue and profitability growth faded.
This performance has mirrored that of other fintech companies. For example, Jack Dorsey’s Block is trading at $60, down from the…
