PayPal Hits A Record High; Should Investors Cash Out?
Payment processing giant PayPal Holdings (NASDAQ:PYPL) has had a great run so far this year. Its shares have rallied more than 16% in the first two months of 2019, fueled by surging business volumes and the number of users.
The latest evidence of the strength of its platform came last month when the San Jose, Calif.-based company reported a 13% jump in fourth-quarter sales and predicted another 16% to 17% expansion for 2019.
With its shares emerging stronger after every correction during the past 52 weeks and propelling to new record highs, it makes sense for new investors to get excited about this fantastic growth play.
Riding The Power Of The Checkout Button
PayPal has pursued a smart growth strategy, combined with some valuable acquisitions and strategic moves over the past five years. To counter the growing competition in this very crowded space of digital payments, where disruptors are attacking from all fronts, PayPal decided to open up and made valuable alliances with the largest credit-card issuers, Visa (NYSE:V) and Mastercard (NYSE:MA).
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https://www.investing.com/analysis/paypa...-200393697
Payment processing giant PayPal Holdings (NASDAQ:PYPL) has had a great run so far this year. Its shares have rallied more than 16% in the first two months of 2019, fueled by surging business volumes and the number of users.
The latest evidence of the strength of its platform came last month when the San Jose, Calif.-based company reported a 13% jump in fourth-quarter sales and predicted another 16% to 17% expansion for 2019.
With its shares emerging stronger after every correction during the past 52 weeks and propelling to new record highs, it makes sense for new investors to get excited about this fantastic growth play.
Riding The Power Of The Checkout Button
PayPal has pursued a smart growth strategy, combined with some valuable acquisitions and strategic moves over the past five years. To counter the growing competition in this very crowded space of digital payments, where disruptors are attacking from all fronts, PayPal decided to open up and made valuable alliances with the largest credit-card issuers, Visa (NYSE:V) and Mastercard (NYSE:MA).
...
https://www.investing.com/analysis/paypa...-200393697
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