PayPal Holdings, Inc.
Thesis
PayPal's core checkout business is expected to maintain a strong competitive position due to its consumer trust and effective purchase protection services. Despite recent stock declines, the company continues to grow payment volumes and revenue, with a price target of $110 by FY28, representing a 112% upside and an IRR of approximately 15%.
Did it work?
No price performance data is available and the time elapsed since the pitch is unknown, so the return toward the $110 FY28 target cannot be assessed. The thesis's core claims — sustained competitive position in checkout, continued growth in payment volumes and revenue — cannot be verified or refuted with the information given. Given the multi-year FY28 horizon and absence of confirming or invalidating evidence, the outcome remains undetermined.