PayPal stock has been a roller coaster. Patient shareholders are likely disappointed.
PayPal (PYPL -0.13%) stock hasn’t been for the faint of heart. Over the past five years, the shares have zoomed higher, nearly tripling in price, only to give up those gains entirely.
If you had invested $500 in PayPal stock five years ago, you’d only have roughly $295 today. The company simply hasn’t proven a winning investment. But with shares trading near all-time lows, there’s a chance that now is finally the time to buy.
Five years changed everything for PayPal
Five years ago, PayPal stock traded at about $100 per share. Today’s share price hovers just above $60. What happened? Revenue growth fell off a cliff.
In 2021, for example, quarterly revenue growth at times exceeded 20%. The past two years, however, revenue growth has been stuck between 5% and 10%. That’s not bad, but the share price…
