2024

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>The PYPL stock price has been rising since the end of October 2023.</a></li>
 <li><span>2</span> <a>In the recent quarter, the company’s revenue from subscription services grew 28%.</a></li>
</ul>
<p>PayPal Holdings Inc. (NASDAQ: PYPL) is currently in the headlines due to the current surge of 24% in the PYPL stock price. The company also reported its Q3 2023 financial results during the start of November and the upcoming date for the Quarter 4 is near.&nbsp;</p>
<p>It is expected to be released at the end of this month. That has sparked confidence and excitement in the investors expecting positive earnings in the upcoming quarter.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-q3-earnings-highlights-and-q4-forecast-strong"><strong>Q3 Earnings Highlights and Q4 Forecast</strong></h2>
<p>The company gave a solid financial performance during the 3rd quarter of fiscal 2023. The Total Payment Volume was reported to be $387 billion, which showed a growth of 15% when compared with the same quarter of the last financial year.&nbsp;&nbsp;</p>
<p>The company made a net revenue of $7.4 billion growing 8% Year on year. (The growth in the financial number above is calculated upon the FX-neutral basis, eliminating the effect of foreign exchange volatility). During this quarter, the company also generated a free cash flow of $1.1 billion, which further strengthened PayPal’s balance sheet.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-forecasted-quarter-4-revenue-and-eps-strong"><strong>Forecasted Quarter 4 Revenue and EPS</strong></h3>
<figure class="wp-block-table aligncenter">
 <table>
  <tbody>
   <tr>
    <td></td>
    <td></td>
    <td colspan="3"><strong>Amount in millions of USD unless mentioned otherwise</strong></td>
   </tr>
   <tr>
    <td><strong>Quarter name</strong></td>
    <td><strong>Revenue</strong></td>
    <td><strong>Sales Growth</strong></td>
    <td><strong>EPS</strong></td>
    <td><strong>EPS Growth</strong></td>
   </tr>
   <tr>
    <td>Q4 2024</td>
    <td>$6,806</td>
    <td></td>
    <td>-$0.29</td>
    <td></td>
   </tr>
   <tr>
    <td>Q1 2023</td>
    <td>$6,846</td>
    <td>0.59%</td>
    <td>$1.15</td>
    <td>-496.55%</td>
   </tr>
   <tr>
    <td>Q2 2023</td>
    <td>$7,040</td>
    <td>2.83%</td>
    <td>$0.80</td>
    <td>-30.43%</td>
   </tr>
   <tr>
    <td>Q3 2023</td>
    <td>$7,287</td>
    <td>3.51%</td>
    <td>$0.70</td>
    <td>-12.50%</td>
   </tr>
   <tr>
    <td>Q4 2023</td>
    <td>$7,383</td>
    <td>1.32%</td>
    <td>$0.92</td>
    <td>31.43%</td>
   </tr>
   <tr>
    <td>Q1 2024</td>
    <td>$7,418</td>
    <td>0.47%</td>
    <td>$0.93</td>
    <td>1.09%</td>
   </tr>
   <tr>
    <td><strong>Q2 2024 Forecast</strong></td>
    <td><strong>$7,585</strong></td>
    <td><strong>2.25%</strong></td>
    <td><strong>$0.61</strong></td>
    <td><strong>-34.42%</strong></td>
   </tr>
  </tbody>
 </table>
</figure>
<p><strong>Forecast Method: </strong>Mean of Linear Regression and Average Growth</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="633" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-115-1024x633.png" alt="PYPL Stock: Q4 Earnings Forecast and Technical Analysis&nbsp;" class="wp-image-187078" title="Chart" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-115-1024x633.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-115-300x185.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-115-768x475.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-115-750x464.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-115-1140x705.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-115.png 1173w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
<p>The analyst’s forecast suggests a positive revenue growth while a negative Earnings per share growth in the upcoming quarter 4 results, These forecasts are subjective to the systematic and unsystematic risks during the forecast period.</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-of-pypl-stock-price-strong"><strong>Technical Analysis of PYPL Stock Price</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="481" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-116-1024x481.png" alt="PYPL Stock: Q4 Earnings Forecast and Technical Analysis&nbsp;" class="wp-image-187079" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-116-1024x481.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-116-300x141.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-116-768x360.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-116-1536x721.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-116-750x352.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-116-1140x535.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-116.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><a href="https://in.tradingview.com/chart/X78t0Vyp/?symbol=NASDAQ%3APYPL" rel="noopener noreferrer nofollow">NASDAQ: PYPL</a> Stock Chart by TradingView
  </figcaption>
 </figure>
</div>
<p>At the press time, the PYPL <a href="https://www.thecoinrepublic.com/2024/01/05/nvda-stock-q2-2024-earnings-forecast-and-technical-analysis/" rel="noopener noreferrer nofollow">stock price</a> is trading at $60.1 after taking a bow from the immediate resistance level of $63.1. The bulls however took support from the level of $57.2. Moreover, the 50-day EMA is at $59.3 which the bullish investors are present as it is showing good support to the PYPL stock price. Collectively, the price prediction is bullish. The target price as per the current technical analysis is $83.4.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>PayPal Holdings Inc. (NASDAQ: PYPL) has shown great results, both financially and technically. The forecasted values show a positive revenue growth in the upcoming quarter of this 2023 fiscal year. Meanwhile, the technical analysis also suggested a bullish move in the coming days for PYPL stock.</p>
<h4 class="wp-block-heading"><strong>Technical levels</strong></h4>
<p><strong>Support levels:&nbsp; </strong>$57.2 and $50.5</p>
<p><strong>Resistance levels</strong>: $63.1 and $72.7</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading stocks comes with a risk of financial loss.</p>

PYPL Stock: Q4 Earnings Forecast and Technical Analysis

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