Which is a better short term buy PayPal or uber
10/11/2024 00:53am
**Uber appears to be a better short-term buy compared to PayPal** based on the following points:
1. **Recent Performance**: Uber's stock has experienced a significant increase of 6.8% over the last month, outperforming PayPal's 7.3% return. This indicates a strong recent trend in Uber's favor.
2. **Technical Indicators**: Uber's technical indicators show bullish signals, with the stock trading above its 50-day and 200-day simple moving averages, and the MACD indicator suggesting potential bullish momentum. PayPal's technical indicators are less positive, with a short-term bearish trend indicated by its 5-day and 10-day moving averages being below its 50-day moving average.
3. **Analyst Ratings**: Uber has a higher consensus rating of "Strong Buy" with an average price target of $89.11, indicating strong optimism among analysts. PayPal has a lower consensus rating of "Buy" with an average price target of $70.21, suggesting more cautious optimism.
4. **Fund Flow**: Uber has experienced a net fund outflow of $3.08 million, which could indicate investor interest or potential selling pressure. PayPal, on the other hand, has seen a net fund inflow of $123.4 million, which may reflect investor confidence.
5. **Analyst Estimate Revisions**: Uber's earnings estimates have seen a positive change, with the consensus EPS estimate for the current quarter showing a significant year-over-year increase of +290%. PayPal's earnings estimates have remained unchanged, with a year-over-year change of -18.5% for the current quarter.
6. **Market Conditions**: The broader market conditions, including the performance of the S&P 500, Dow, and Nasdaq, have influenced PayPal's performance. However, Uber's stock appears to be less affected by these broader market movements, with its own distinct trend.
In conclusion, while both stocks have their merits, Uber's stronger recent performance, more positive technical indicators, and more favorable analyst ratings make it the better short-term buy compared to PayPal. However, it's important to note that short-term trading involves risks, and investors should consider their risk tolerance and investment horizon when making such decisions.