PayPal Holdings ( (PYPL) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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PayPal Holdings is making significant strides in the fintech sector by facilitating payments for student athletes and expanding its operations in India. Following a recent court settlement allowing schools to pay student athletes, PayPal has partnered with the Big Ten and Big 12 conferences to streamline these payments. This move, however, did not sit well with investors, as PayPal’s shares saw a slight dip. Additionally, PayPal’s involvement in India is gaining momentum with Pine Labs Ltd., a company it backs, filing for an IPO to raise approximately $303 million. This marks a significant step in a country that accounts for a large portion of global digital transactions.
Despite these advancements, PayPal’s stock has a Moderate Buy consensus from Wall Street analysts, with a potential upside of 10.47%. The company’s recent innovations and strategic moves in both the U.S. and India highlight its commitment to expanding its fintech footprint. As PayPal continues to integrate itself into new markets and technologies, it remains a company to watch for those interested in the evolving landscape of digital payments.