6/29/2023 0 Comments Buy snap stock![]() ![]() Sales growth slowed to a crawl in 2022 before finally dipping almost 7% in Q1. The stock is well below its initial public offering ( IPO) price for a reason, though. Snapchat (NYSE: SNAP ) is up almost 30% from its May trough, but the value here is too compelling to ignore. GuruFocus believes $237.06 would be a fair value by 2025. But once growth truly returns here, this stock should be able to surpass $200 in the coming years. The average analyst expects it to reach almost $97 next year, implying a 61% upside potential. Once e-commerce starts getting back on its growth trajectory, PayPal is well-positioned to benefit in the long run. It’s easy to see why $60 is a steal right now for the stock. Back then, PayPal comfortably had a valuation above $100 throughout the year. Additionally, its profits were relatively stagnant, much below what it is today. However, if we go back to 2019 we can see that PayPal’s growth was similar to what it is now. Some may say that this is mostly because Wall Street has decided to take away its 2021 premium, the year where it had sales growth near 25%. That’s despite the fact that PayPal has continued growing its revenue near a 10% clip, while its trailing twelve month ( TTM) bottom line has been trending upwards in the past year. It is down 19.25% year-to-date, half its pre-pandemic high of $120. PayPal (NASDAQ: PYPL ) has continued languishing this year, dropping below $60 for a while before a slight recovery. ![]()
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