<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2021/12/where-to-buy-paypal-stock.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2021/12/where-to-buy-paypal-stock.jpg"/></p>
<p>PayPal 股票價格暴跌，形成死亡交叉形態，預示着未來幾個月可能進一步下跌。PYPL 股價已跌至 65.15 美元，為 8 月 24 日以來的最低點。與 2025 年的最高點相比，已下跌超過 30%。</p>
<h2>PayPal 的增長停滯</h2>
<p>PayPal 是最受歡迎的金融科技公司之一，近年來由於支付行業競爭加劇以及一些舉措未能取得成效，失去了增長動力。</p>
<p>這些挑戰大多來自其無品牌解決方案，旨在幫助企業接受支付。其無品牌業務源於對 Braintree 的收購。</p>
<p>該業務面臨來自 Stripe、Adyen、Block、Shopify Payments 和 Worldpay 等公司的激烈競爭。在大多數公司都採用在線和數字交易的世界中，行業內的大型參與者很難實現業務增長。</p>
<p>隨着 Apple Pay 和 Google Pay 等解決方案的競爭加劇，PayPal 的錢包業務面臨更多挑戰。</p>
<p>最重要的是，PayPal 一些推動業務增長的舉措並未獲得太多關注。最重要的是推出了一種名為 PayPal USD (PYUSD) 的穩定幣。</p>
<p>PayPal 希望其強大的品牌名稱能夠吸引更多用户從其他穩定幣如 USDC 和 Tether 轉向自己。推出幾個月後，PYUSD 的市值超過 8.02 億美元，日交易量不足 5000 萬美元。相比之下，Tether 的市值超過 1450 億美元，日交易量為 470 億美元。</p>
<p>閲讀更多：PayPal 股票分析：Honey 欺詐指控會造成影響嗎？</p>
<h2>收益放緩</h2>
<p>最新數據顯示，PayPal 在去年第四季度擁有 4.34 億個活躍賬户，與去年持平。其月活躍賬户增加至 2.29 億，而支付交易量下降 3%，降至 669 萬。</p>
<p>這些數字使 PayPal 的收入達到 83.6 億美元，同比增長 4%，而其年收入增長 7%，達到 310 億美元。</p>
<p>分析師預計 PayPal 在未來幾年的增長將緩慢。Yahoo Finance 彙編的數據表明，PayPal 本季度的收入將達到 78.4 億美元，年增長率為 1.86%。</p>
<p>這種緩慢的增長軌跡將在第二季度繼續，當時收入將達到 81 億美元，年增長率為 2.90%。全年，PayPal 的收入將為 330 億美元，明年為 352 億美元。PayPal 面臨的挑戰是缺乏明確的催化劑來推動其增長。</p>
<p>積極的一面是，PayPal 已成為一家便宜的公司，估計市盈率為 13 倍，遠低於標準普爾 500 指數的 21 倍。這意味着它現在已成為一隻價值股。</p>
<p>它還利用財務工程來提升其股票價值。它已回購數百萬股，將流通股數量從幾年前的 11.7 億股減少至 9.93 億股。很可能它將很快開始支付股息。</p>
<h2>PayPal 股票價格分析</h2>
<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2025/03/PayPal-stock-1-1024x569.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2025/03/PayPal-stock-1-1024x569.png"/></p>
<p>PYPL 股票圖表來自 TradingView</p>
<p>日線圖顯示，PYPL 股價在 12 月達到了 93.95 美元的峯值，然後在 1 月再次測試，形成了雙頂形態。PayPal 形成了死亡交叉形態，50 日和 200 日移動平均線交叉。這是市場上最看跌的信號之一。</p>
<p>PayPal 股票價格已跌破 61.8% 的斐波那契回撤點，這通常被視為反轉發生的黃金比例。MACD 和相對強弱指數 (RSI) 也指向下方。</p>
<p>因此，PayPal 股票價格的最低阻力路徑將是向下，下一關注點在 60 美元。跌破該點將發出進一步下跌至 55 美元的信號。</p>
<p>本文首發於 Invezz，標題為《PayPal 股票價格暴跌的原因及未來預期》。</p>

PYPL

<p>PayPal 的股價大幅下跌，形成死亡交叉形態，預示着可能進一步下滑。股價跌至 65.15 美元，比 2025 年的高點下跌超過 30%。該公司在支付領域面臨激烈競爭，增長停滯，並且在其無品牌解決方案方面面臨挑戰。最近的財報顯示活躍賬户持平，收入略有增長，但分析師預測未來增長緩慢。儘管估值偏低，市盈率較低，但 PayPal 缺乏明確的增長催化劑。預計該股將繼續下行趨勢，關鍵支撐位在 60 美元和 55 美元</p>

<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2021/12/where-to-buy-paypal-stock.jpg" alt="" original-src="https://ik.imagekit.io/invezz/uploads/2021/12/where-to-buy-paypal-stock.jpg"/></p>
<p>PayPal stock price has crashed and formed a death cross pattern, pointing to further downside in the coming months. PYPL shares have plunged to a low of $65.15, its lowest point since August 24. It has dropped by over 30% from its highest point in 2025.</p>
<div class="lb-trans"><p>PayPal 股票價格暴跌，形成死亡交叉形態，預示着未來幾個月可能進一步下跌。PYPL 股價已跌至 65.15 美元，為 8 月 24 日以來的最低點。與 2025 年的最高點相比，已下跌超過 30%。</p>
</div><h2>PayPal’s growth has stalled</h2>
<div class="lb-trans"><h2>PayPal 的增長停滯</h2>
</div><p>PayPal, one of the most popular fintech companies, has lost momentum in the past few years as competition in the payments industry rose and some of its initiatives failed to pick up.</p>
<div class="lb-trans"><p>PayPal 是最受歡迎的金融科技公司之一，近年來由於支付行業競爭加劇以及一些舉措未能取得成效，失去了增長動力。</p>
</div><p>Most of these challenges are coming from its unbranded solutions, which are designed to help businesses accept payments. Its unbranded business came from its acquisition of Braintree.</p>
<div class="lb-trans"><p>這些挑戰大多來自其無品牌解決方案，旨在幫助企業接受支付。其無品牌業務源於對 Braintree 的收購。</p>
</div><p>This business is facing substantial competition from the likes of Stripe, Adyen, Block, Shopify Payments, and Worldpay. In a world where most companies have adopted online and digital transactions, it has become highly difficult for large players in the space to grow their businesses.</p>
<div class="lb-trans"><p>該業務面臨來自 Stripe、Adyen、Block、Shopify Payments 和 Worldpay 等公司的激烈競爭。在大多數公司都採用在線和數字交易的世界中，行業內的大型參與者很難實現業務增長。</p>
</div><p>PayPal’s wallet business faces more challenges as competition from solutions like Apple Pay and Google Pay rise.</p>
<div class="lb-trans"><p>隨着 Apple Pay 和 Google Pay 等解決方案的競爭加劇，PayPal 的錢包業務面臨更多挑戰。</p>
</div><p>Most importantly, some of PayPal’s initiatives to grow its business have not gained much traction. The most important is launching a stablecoin called PayPal USD (PYUSD).</p>
<div class="lb-trans"><p>最重要的是，PayPal 一些推動業務增長的舉措並未獲得太多關注。最重要的是推出了一種名為 PayPal USD (PYUSD) 的穩定幣。</p>
</div><p>PayPal hoped that its strong brand name would draw more users from other stablecoins like USDC and Tether to it. Many months after launch, PYUSD has a market cap of over $802 million and daily volume of less than $50 million. In contrast, Tether has a market cap of over $145 billion and daily volume of $47 billion.</p>
<div class="lb-trans"><p>PayPal 希望其強大的品牌名稱能夠吸引更多用户從其他穩定幣如 USDC 和 Tether 轉向自己。推出幾個月後，PYUSD 的市值超過 8.02 億美元，日交易量不足 5000 萬美元。相比之下，Tether 的市值超過 1450 億美元，日交易量為 470 億美元。</p>
</div><p>Read more: PayPal stock analysis: will the Honey scam allegations bite?</p>
<div class="lb-trans"><p>閲讀更多：PayPal 股票分析：Honey 欺詐指控會造成影響嗎？</p>
</div><h2>Earnings have slowed</h2>
<div class="lb-trans"><h2>收益放緩</h2>
</div><p>The most recent results showed that PayPal had 434 million active accounts in the fourth quarter of last year., flat from a year earlier. Its monthly active accounts rose to 229 million, while payment transactions dropped by 3% to 6.69 million.</p>
<div class="lb-trans"><p>最新數據顯示，PayPal 在去年第四季度擁有 4.34 億個活躍賬户，與去年持平。其月活躍賬户增加至 2.29 億，而支付交易量下降 3%，降至 669 萬。</p>
</div><p>These numbers brought PayPal’s revenue to $8.36 billion, a 4% annual increase, while its annual revenue grew by 7% to $31 billion.</p>
<div class="lb-trans"><p>這些數字使 PayPal 的收入達到 83.6 億美元，同比增長 4%，而其年收入增長 7%，達到 310 億美元。</p>
</div><p>Analysts expect that PayPal’s growth will be slow in the coming years. Data compiled by Yahoo Finance shows that PayPal’s revenue will come in at $7.84 billion in the current quarter, a 1.86% annual growth rate.</p>
<div class="lb-trans"><p>分析師預計 PayPal 在未來幾年的增長將緩慢。Yahoo Finance 彙編的數據表明，PayPal 本季度的收入將達到 78.4 億美元，年增長率為 1.86%。</p>
</div><p>This slow growth trajectory will then continue in Q2, when it will make $8.1 billion, a 2.90% annual increase. For the year, PayPal’s revenue will be $33 billion, followed by $35.2 billion next year. PayPal’s challenge is that it lacks a clear catalyst to supercharge its growth.</p>
<div class="lb-trans"><p>這種緩慢的增長軌跡將在第二季度繼續，當時收入將達到 81 億美元，年增長率為 2.90%。全年，PayPal 的收入將為 330 億美元，明年為 352 億美元。PayPal 面臨的挑戰是缺乏明確的催化劑來推動其增長。</p>
</div><p>On the positive side, PayPal has become a cheap company, trading at 13x estimated earnings, much lower than the S&amp;P 500 index’s 21. This means that it has now become a value stock.</p>
<div class="lb-trans"><p>積極的一面是，PayPal 已成為一家便宜的公司，估計市盈率為 13 倍，遠低於標準普爾 500 指數的 21 倍。這意味着它現在已成為一隻價值股。</p>
</div><p>It is also using financial engineering to boost its stock value. It has repurchased millions of shares, reducing its outstanding stock to 993 million from 1.17 billion a few years ago. There is a likelihood that it will start paying dividends soon.</p>
<div class="lb-trans"><p>它還利用財務工程來提升其股票價值。它已回購數百萬股，將流通股數量從幾年前的 11.7 億股減少至 9.93 億股。很可能它將很快開始支付股息。</p>
</div><h2>PayPal stock price analysis</h2>
<div class="lb-trans"><h2>PayPal 股票價格分析</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2025/03/PayPal-stock-1-1024x569.png" alt="" original-src="https://ik.imagekit.io/invezz/uploads/2025/03/PayPal-stock-1-1024x569.png"/></p>
<p>PYPL stock chart by TradingView</p>
<div class="lb-trans"><p>PYPL 股票圖表來自 TradingView</p>
</div><p>The daily chart shows that the PYPL share price peaked at $93.95 in December and then retested it in January, forming a double-top pattern. PayPal has formed a death cross pattern as the 50-day and 200-day moving averages crossed each other. This is one of the most bearish signs in the market.</p>
<div class="lb-trans"><p>日線圖顯示，PYPL 股價在 12 月達到了 93.95 美元的峯值，然後在 1 月再次測試，形成了雙頂形態。PayPal 形成了死亡交叉形態，50 日和 200 日移動平均線交叉。這是市場上最看跌的信號之一。</p>
</div><p>PayPal stock price has moved below the 61.8% Fibonacci Retracement point, which is often seen as the golden ratio where reversals happen. The MACD and the Relative Strength Index (RSI) have also pointed downwards.</p>
<div class="lb-trans"><p>PayPal 股票價格已跌破 61.8% 的斐波那契回撤點，這通常被視為反轉發生的黃金比例。MACD 和相對強弱指數 (RSI) 也指向下方。</p>
</div><p>Therefore, the path of the least resistance for the PayPal stock price will be downward, with the next point to watch being at $60. A break below that point will signal further downside to $55.</p>
<div class="lb-trans"><p>因此，PayPal 股票價格的最低阻力路徑將是向下，下一關注點在 60 美元。跌破該點將發出進一步下跌至 55 美元的信號。</p>
</div><p>The post Here’s why the PayPal stock price has crashed and what to expect appeared first on Invezz</p>
<div class="lb-trans"><p>本文首發於 Invezz，標題為《PayPal 股票價格暴跌的原因及未來預期》。</p>
</div>

Here’s why the PayPal stock price has crashed and what to expect

- PayPal 股價暴跌至 $65.15，形成死亡交叉，預示未來可能進一步下跌。  
- 競爭加劇及部分業務未能成功，導致 PayPal 增長停滯。  
- 分析師預計未來幾年 PayPal 增長緩慢，缺乏明確的增長催化劑。  

以下是 PayPal 股價暴跌的原因以及未來的預期