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PayPal Holdings Inc. Growth on the Bback of a Strong Quarterly Report

2/13/2023 2:53 PM

The shares of PayPal Holdings Inc., an American debit payment processor, are correct at 80.00.

In the Q4 financial report, revenue growth reached 7.4B dollars, above the consensus estimate of 7.39B dollars, and earnings per share beat forecasts of 1.20 dollars to 1.24 dollars. Cross-border payments rose by 5.0% to 357.4B dollars, slightly below expectations of 360.0B dollars. For the full year of 2022, revenue reached 27.5B dollars, up 8.0%, while payments increased 9.0% to 1.36T dollars. For the first quarter of 2023, net revenue is projected to increase by 7.5%, and EPS is expected to be in the range of 1.08–1.10 dollars. For the full year, adjusted earnings-per-share growth could reach 4.87 dollars.

CEO of PayPal Holdings Inc., Dan Schulman, announced his resignation on December 31, 2023, and noted that he did not want to leave the company during the downturn, planning to hand it over in the best possible way. The businessman intends to continue working on the corporation's board of directors.


On the daily chart of the asset, the corrective trend continues, which is the result of the exit of the trading instrument from a long downward corridor.

Technical indicators keep a buy signal: the range of fluctuations of the Alligator EMA expands upwards, and the AO histogram forms rising bars in the buy zone.

Resistance levels: 83.20, 92.30. | Support levels: 77.40, 67.60.

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