The Paypal stock is on the rise after PayPal (NASDAQ:PYPL), which is one of the biggest names in tech, announced in November that it would be partnering with Amazon in 2022 to allow Amazon customers to pay using the Venmo app.
Both Amazon and Paypal reported mixed Q3 and have seen their share value drop in the recent months.
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To help stock traders eying the PayPal stock, Invezz has created a brief article on what it is and the best places to buy it.
To find out more, please continue reading.
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What is PayPal stock?
PayPal stock is the stock of PayPal Holdings, Inc. and it trades on NASDAQ under the symbol NASDAQ: PYPL.
PayPal Holdings, Inc. is a leading digital payments company that operates the PayPal digital payments platform. The company is headquartered in San Jose, CA.
It offers a wide selection of products including the PayPal platform (where users create accounts for online transactions), PayPal Credit, Venmo app, Paydiant, Braintree, and Xoom.
Should I buy the PYPL stock today?
PYPL stock is a great stock to invest in especially since PayPal is a solid company whose revenue keeps on growing as it ventures into different fields including digital currencies.
PYPL stock price prediction
PayPal stock is expected to continue rising and possibly close the year above $200 and go above $210 if it follows through with the partnership with Amazon, which is one of the largest e-commerce companies around the world.
$PYPL stock social media coverage
eToro
10/10
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