PayPal (PYPL 0.62%) gave investors a quarterly update that suggested profits would be lower in upcoming months.
*Stock prices used were the afternoon prices of Oct. 28, 2024. The video was published on Oct. 30, 2024.
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PayPal Stock Gets a Rare Downgrade
By Parkev Tatevosian, CFA
–
Oct 31, 2024 at 6:15AM
NASDAQ: PYPL
PayPal
Market Cap
$73B
Today's Change
(0.62%) $0.47
Current Price
$75.08
Price as of June 12, 2025, 1:47 p.m. ET
The company has performed relatively well in 2024.
Parkev Tatevosian, CFA has positions in PayPal. The Motley Fool has positions in and recommends PayPal. The Motley Fool recommends the following options: long January 2027 $42.50 calls on PayPal and short December 2024 $70 calls on PayPal. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Stocks Mentioned
PayPal
PYPL
$75.08
(0.62%)
$0.47
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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