Shares of PayPal Holdings (NASDAQ: PYPL) gained 11% in November according to data provided by S&P Global Market Intelligence. PayPal is the leader in digital payment processing and peer-to-peer payments, even though it's been slowing down since its highs early in the pandemic. It processed nearly $388 billion in volume in the 2023 third quarter, a 15% increase over last year, and it has 428 million active accounts.
You might take one look at PayPal Holdings' (NASDAQ: PYPL) performance over the last 18 months and seriously question why it would be a growth stock to buy now. PayPal has faced several challenges. PayPal's profits have fallen.
Fool.com contributor Parkev Tatevosian compares PayPal (NASDAQ: PYPL) stock with Block (NYSE: SQ) stock to determine which he prefers at current valuations. *Stock prices used were the afternoon prices of Nov.