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Barchart
Barchart
Mohit Oberoi

PayPal Stock Q4 Forecast: Can PYPL Continue to Go Up?

PayPal PYPL Bryan Keane AAPL eBay Google

After a lengthy slog, PayPal (PYPL) investors finally have something pleasant to talk about. With YTD gains of nearly 30%, the fintech name is outperforming the S&P 500 Index ($SPX). While the single-digit outperformance might not be something that one would usually brag about, it comes after three consecutive years of massive underperformance.

PYPL closed in the red in each of the previous three years, even as the broader markets delivered double-digit returns in two of them. Incidentally, the stock fell 62% in 2022 amid the tech crash, notching its worst yearly performance since its 2015 split from eBay (EBAY).

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