Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has PayPal Holdings (PYPL) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
PayPal Holdings is a member of the Computer and Technology sector. This group includes 658 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. PYPL is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for PYPL's full-year earnings has moved 3.07% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, PYPL has gained about 16.71% so far this year. In comparison, Computer and Technology companies have returned an average of -2.22%. This means that PayPal Holdings is outperforming the sector as a whole this year.
Looking more specifically, PYPL belongs to the Internet - Software industry, a group that includes 89 individual stocks and currently sits at #23 in the Zacks Industry Rank. This group has gained an average of 8.60% so far this year, so PYPL is performing better in this area.
Investors in the Computer and Technology sector will want to keep a close eye on PYPL as it attempts to continue its solid performance.
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PayPal Holdings, Inc. (PYPL): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
