PayPal Holdings Inc. (NASDAQ:PYPL) ranks among the best fintech stocks to buy as digital payments volume surges. On June 1, Freedom Broker reduced its price target for PayPal Holdings Inc. (NASDAQ:PYPL) to $60 from $100 while retaining a Buy rating on the stock. Freedom Broker analyst Mikhail Paramonov referred to the company’s first-quarter fiscal 2026 results, which were largely in line with estimates.
PayPal Holdings Inc. (NASDAQ:PYPL) posted revenue of $8.35 billion, up 7% year-over-year, alongside a non-GAAP EPS of $1.34, up 1% year-over-year. The earnings and revenue numbers exceeded estimates by 5% and 4%, respectively.
The company’s user base stayed somewhat steady, with 439 million active accounts, up 1% year-over-year, while monthly active accounts totaled 225 million. Transaction volume also came in solid, with 6.48 billion payment transactions handled during the quarter, a 7% increase over the previous year.
In addition, Tencent Financial Technology announced on May 27 that US PayPal users can now use WeChat Pay’s QR-code network to make payments at businesses throughout China. According to the announcement, the service connects Tencent’s cross-border payment platform TenPay Global to PayPal World.
PayPal Holdings Inc. (NASDAQ:PYPL) operates a technology platform that enables businesses and customers worldwide to send and receive digital payments. The company offers payment solutions under the names PayPal Credit, Hyperwallet, Venmo, PayPal, Xoom, Honey, Braintree, and Paidy.
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