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However, the company’s shares have lost 25.4% in price over the past three months and 21.3% over the past month to close yesterday’s trading session at $204.64. In addition, the stock tumbled 10% on Tuesday after the company reported an uncertain outlook for the next year, which missed analysts’ estimates. Furthermore, eBay Inc.’s (NASDAQ:EBAY) shift to its new managed payment system is also dragging on PYPL’s performance. PYPL’s eBay marketplaces’ volume fell 45% in the third quarter.
Though the recently announced deal between PYPL’s Venmo unit and Amazon.com Inc. (NASDAQ:AMZN) could improve investors’ sentiment regarding the stock, the company’s tepid growth outlook for the next year is concerning.
