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PayPal (PYPL) Stock Analysis: Buy The PayPal Dip?
A gap down in the stock price and investors are looking at PayPal (#PYPL) as the stock goes on sale. Last night #PayPal announced Q2 earnings and reported Non-GAAP EPS of $1.15 (beats by $0.03) and revenue of $6.24B (+18.6% Y/Y).
Revenue missed analyst expectations by $30M, but what most investors focused on was the soft guidance. The fintech company expects Q3 revenue of $6.15B-$6.25B vs. consensus of $6.45B. As growth slows investors have been spooked and have decided to sell. Does this present a buy on dip for investors that want to initiate or add to their position?
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By Financial MoversA gap down in the stock price and investors are looking at PayPal (#PYPL) as the stock goes on sale. Last night #PayPal announced Q2 earnings and reported Non-GAAP EPS of $1.15 (beats by $0.03) and revenue of $6.24B (+18.6% Y/Y).
Revenue missed analyst expectations by $30M, but what most investors focused on was the soft guidance. The fintech company expects Q3 revenue of $6.15B-$6.25B vs. consensus of $6.45B. As growth slows investors have been spooked and have decided to sell. Does this present a buy on dip for investors that want to initiate or add to their position?