PayPal shares tumbled 16% this week, but one top analyst is making a bullish long-term case on a struggling stock.
2. Its spin-off from eBay is beneficial
She contends PayPal as a stand-alone company also bodes well for the stock. Even though its stock is lower now, PayPal shares reached all-time highs last July.is no longer really an overhang," Bailkeri said."The company has had significant growth even after spinning out of the company in 2015."PayPal is trading at a significant growth-adjusted discount versus its competitors, according to Bailkeri.
"You're looking at long-term online trends and movements from cash to cashless growing," she said."That's more reflective in a five-year view than maybe in the next couple quarters."Overall, Bailkeri expects double-digit percentage returns for PayPal over the next five years due to strong secular trends.
"People are going to continue to shop more online and have more payments that are in the digital space," she said.
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