PayPal Holdings Inc. has been one of the biggest beneficiaries of the COVID-19 crisis, which has driven record usage of its payments platforms as more people shop online. Now the question is whether the company can keep this momentum going.
There is plenty of uncertainty ahead for PayPal PYPL, -4.23%, wrote MoffettNathanson analyst Lisa Ellis in a note titled, “Is this the end, or the beginning?” The company continues to face weakness in the travel and events vertical, it’s seeing a credit slowdown that could persist into next year, and former corporate cousin eBay Inc. EBAY, +2.19% is in the midst of moving from PayPal to its own managed payments platform, a transition that’s happening more quickly than expected.
There is plenty of uncertainty ahead for PayPal PYPL, -4.23%, wrote MoffettNathanson analyst Lisa Ellis in a note titled, “Is this the end, or the beginning?” The company continues to face weakness in the travel and events vertical, it’s seeing a credit slowdown that could persist into next year, and former corporate cousin eBay Inc. EBAY, +2.19% is in the midst of moving from PayPal to its own managed payments platform, a transition that’s happening more quickly than expected.