PayPal Stock Is Plunging. Why It’s Still No Bargain.

PayPal Holdings shares are plunging a time aft the institution issued third-quarter results and forecasts that missed Wall Street estimates connected respective measures. The banal was down 12.2% successful Tuesday trading, astatine $201.40—on way for its steepest one-day descent since March 16, 2020.

PayPal (ticker: PYPL) did denote 1 large positive—a woody with Amazon.com (AMZN) to connection its Venmo outgo work astatine the online retailer’s checkout, starting adjacent year. The institution besides said that Walmart (WMT) is offering PayPal arsenic a outgo method,...