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PayPal Praised by Analysts After Stronger-Than-Expected Earnings

May 6, 2021

Via: TheStreet

PayPal (PYPL) – Get Report shares wavered on Thursday after analysts reacted positively to the financial-services titan’s stronger-than-expected earnings for the first quarter.

The San Jose, Calif., company reported what it said was the strongest first quarter in its 23-year history, with net income leaping on 31% higher revenue and net new active accounts rising by 14.5 million.

The stock has wavered in Thursday trading. It recently traded at $246.29, off 0.4%. It has also traded up as much as 3.6% at $256.31. It has slid 7% in the past three months as investors were concerned about its valuation.

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