Justin Sullivan
Summary
- PayPal has undergone a major management overhaul, and the new CEO has his work cut out for him.
- The company’s stock is historically cheap, with low valuations compared to its past performance and expectations for future earnings growth.
- Despite recent troubles, PayPal’s new management team and attractive valuation create a compelling long-term case for the stock.
Background
We have been bullish on PayPal Holdings, Inc. (NASDAQ:PYPL) for some time (you can read our prior coverage here, here, and here), but until now it has not been an easy ride: from the time of publication of our first piece of research, PayPal stock has fallen by ~19%, compared with a 22% gain in the broader S&P 500 (SPY).
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