Traders cashing in on PayPal success

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The above chart plots the increase in share value which has grown steadily from the beginning the year. Many analysts expect this to continue after the Q3 earnings report release.

Faucette has noted that the market may have been overly concerned about a potentially negative impact of renegotiation of its contract with eBay. PayPal is maintaining its massive acceptance as an e-commerce website over other digital wallets.

Strong consumer trust

What PayPal has over its competitors is consumer trust. It feels like it has been around for a long time, and that’s a priceless commodity in the e-commerce age.

PayPal has expanded into a payments service provider since its spin-off from former parent company eBay in 2015. Its deals with Visa and Mastercard in 2016, which give consumers more options at online checkout, are also yielding benefits. It has also incorporated mobile payments into its operations.

Bernstein’s Lisa Ellis sees the company grabbing an even greater portion of the market over the next three years, while analysts at BTIG, Merrill Lynch and Barclays offer an equally positive prognosis.

One possible growth area for PayPal is by forming partnerships with retailers who are looking to compete better with Amazon

 

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