#4 - PayPal (NASDAQ:PYPL)
Speaking of skating where the puck is going, that is a great reason to make shares of PayPal (NASDAQ:PYPL) a great gift for a graduate. PayPal is one of the pre-eminent names in the financial technology (fintech) sector. This is a sector that JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon expressed concern about as a clear and present threat to traditional banks.
But that’s not news to anyone that’s been doing business with PayPal in the last 10 years. The company has become so much more than a vehicle for peer-to-peer transactions. On the business side, the company offers small business loans through its PayPal Working Capital program.
The company also has business debit and credit cards. In short, the company gives small businesses many of the tools that traditional banks can provide.
Plus, investing in PYPL stock provides an indirect, and perhaps safer, exposure to cryptocurrency. PayPal began allowing its customers to buy Bitcoin (CRYPTO:BTC) and other cryptocurrencies in 2020. And recently the company announced plans to allow customers to transfer crypto “off platform” to their digital wallet.
About PayPal
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.
Read More - Current Price
- $86.77
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 19 Buy Ratings, 16 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $83.60 (3.7% Downside)
