Pgiam/iStock via Getty Images Introduction I had a 'Strong Buy' thesis for PayPal's ( NASDAQ: PYPL ) stock in March. The recommendation keeps up well because the stock gained 6.3%, compared to +4.
3% from the S&P 500. The company continues moving towards its revised strategy focusing on profitable growth. In yesterday's conference, the CEO reiterated his commitment to innovate and constantly improve the experience for customers.
These are not just beautiful words, as they align with recent steps of expanding partnerships and adding more functionality for cryptocurrencies adopters. The move to expand into the digital advertising business is a smart move as the company leverages tons of customer behavior data thanks to billions of transactions processed every quarter. Capturing a percent of this huge industry can bring PayPal billions of dollars in additional revenue.
Q1 performance was strong, and the valuation is very attractive even despite the stock's fair value decreasing from $80 to $74. All these favorable factors mean I am inclined to reiterate PYPL's 'Strong Buy' rating. Fundamental analysis The CEO, Alexander Chriss, shared some thoughts during yesterday's BofA Global Technology Conference .
I found some bullish insights in his words. First, he emphasized that he is happy with the management team after the shakeup. Having a team of professionals sharing the same strategic vision will likely help Mr.
Chriss in leading PayPal's transformation . Second, he stated that the.