PayPal's stock is expected to increase next week, as indicated by various forecasts and technical indicators:
- Price Predictions: The forecast for PayPal (PYPL) suggests a potential increase in the stock price. The 1-month prediction is $103.97, which represents a 21.13% gain from the current price1. Additionally, the fear & greed index is at 39 (fear), indicating a potential for the stock to rise as fear levels decrease1.
- Technical Indicators: PayPal's stock has shown a 14-day Relative Strength Index (RSI) of 50.36, which is neither in the oversold nor in the overbought territory1. The stock has also spent 20/30 (67%) of its recent days at a higher level, suggesting a bullish trend1.
- Market Sentiment: Analysts have given PayPal a consensus rating of "Moderate Buy" with an average 12-month price target of $83.45, indicating a potential for the stock to increase in value2.
- Recent Performance: PayPal's stock has shown a positive return of 7.5% over the past month, outperforming the Zacks S&P 500 composite's 1.6% change3. Additionally, the stock has crossed above the average analyst target price of $86.89, which could signal a potential for further price increase4.
- Economic Factors: The overall market conditions, including the soft landing of the economy and the slowing of inflation, have supported a recovery in US stocks, which could positively impact PayPal's stock price5.
In conclusion, based on the combination of price predictions, technical indicators, market sentiment, recent performance, and economic factors, it is reasonable to expect that PayPal's stock price may increase in the coming week. However, investors should consider their risk tolerance and investment goals, as with any investment, there are always risks involved.