PayPal Stock Slumps Despite Bullish Views; New CEO Faces Pressure to Reignite Growth
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PayPal's stock has fallen 28% this year despite bullish outlooks, puzzling some investors who see long-term potential.
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New CEO Alex Chriss faces pressure to improve margins and monetize Venmo amid concerns growth has stalled post-pandemic.
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PayPal's valuation is at historic lows, leading some to call it undervalued given its payments leadership.
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Aggressive share buybacks show PayPal believes in its stock, but turnaround clarity may take several quarters.
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Earnings on Wednesday will be closely watched for strategy updates on improving profitability and realizing Venmo's potential.