PayPal Holdings Inc

PYPL: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$129.00	Bpkmp	Rysyybb

PayPal Earnings: Growth Picks Up, Strong Margin Improvement

Brett Horn

May 9, 2023

PayPal had a strong start to the year, with the company outperforming expectations for the quarter. While we are pleased with the quarter, we see no major surprises and will maintain our $135 fair value estimate. We continue to see shares of the narrow-moat company as undervalued.

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