Over the past year, technological stocks have seen significant leaps and bounds, with substantial increases that far surpassed the tech-centric Nasdaq Index. Regrettably, PayPal Holdings, Inc. (PYPL) falls short of this success story, witnessing a slump of 26.3% over the past year.
In a further blow to the company, last month saw financial analysts downgrade PYPL, citing a variety of challenges from an increasingly competitive market to profitability pressures. Even Citigroup, despite maintaining a Buy rating for the PayPal shares, initiated a negative catalyst watch. The firm has grappled with downward pressure stemming from slower spending growth, unmet forecasts, and an industry rife with growing competitors.
