PayPal trades at a forward P/E of 50. However, I am not worried on the valuations part. The company's growth justifies the high P/E.
It's worth noting that for the current year, the stock is already higher by 77%. A value creator.
I agree that PYPL is worth buying before the quarterly numbers. If there is some correction, I would be happier from a medium to long-term investment perspective.
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Buy and flip, like you said P/E is 50. Far better than Tesla, but still overvalued. I think of selling some just before the announcement.
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Agree @fh007, I will definitely be watching this one to try and get in before earnings.
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