[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"app-context":3,"blog-paypal-is-down-more-than-80-from-its-peak-heres-what-october-27-has-to-show-ZH":222},{"languages":4,"categories":41,"products":125,"competitors":149},[5,9,13,17,21,25,29,33,37],{"name":6,"code":7,"id":8},"English","EN","TGFuZ3VhZ2U6ZW4=",{"name":10,"code":11,"id":12},"Español","ES","TGFuZ3VhZ2U6ZXM=",{"name":14,"code":15,"id":16},"Português","PT","TGFuZ3VhZ2U6cHQ=",{"name":18,"code":19,"id":20},"日本語","JA","TGFuZ3VhZ2U6amE=",{"name":22,"code":23,"id":24},"한국어","KO","TGFuZ3VhZ2U6a28=",{"name":26,"code":27,"id":28},"Deutsch","DE","TGFuZ3VhZ2U6ZGU=",{"name":30,"code":31,"id":32},"Italiano","IT","TGFuZ3VhZ2U6aXQ=",{"name":34,"code":35,"id":36},"Français","FR","TGFuZ3VhZ2U6ZnI=",{"name":38,"code":39,"id":40},"中文 (中国)","ZH","TGFuZ3VhZ2U6emg=",[42,73,104],{"icon":43,"slug":44,"title":45,"description":46,"featuredLinks":47},"mingcute:stock-line","stock-market-basics","Stock Market Basics","\u003Cp>Beginners' guides and practical tips for understanding stock market investing.\u003C\u002Fp>\n",[48,53,58,63,68],{"url":49,"title":50,"description":51,"ogImage":52},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-makes-stocks-go-up-and-down","What Makes Stocks Go Up and Down | TIKR.com","Understanding what makes stock prices go up and down can help investors better navigate investing. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-makes-stocks-go-up-and-down-banner\u002FWhat-makes-stocks-go-up-and-down-banner.jpg?_i=AA",{"url":54,"title":55,"description":56,"ogImage":57},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fdividend-yield-meaning-formula-example","Dividend Yield: Meaning, Formula, Example | Tikr.com Blog | TIKR.com","The dividend yield is a key metric for investors looking to gauge the income potential of their investments. It measures how much a company pays out in","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FDividend-yield\u002FDividend-yield.png?_i=AA",{"url":59,"title":60,"description":61,"ogImage":62},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fmarket-capitalization-definition-formula-and-why-it-matters","Market Capitalization: Definition, Formula, and Why It Matters | TIKR.com","Long-term investors often look at various valuation metrics when deciding whether to invest in a particular company. One helpful metric to evaluate is","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters.png?_i=AA",{"url":64,"title":65,"description":66,"ogImage":67},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fearnings-per-share-definition-formula-and-why-eps-matters","Earnings Per Share: Definition, Formula, and Why EPS Matters | TIKR.com","Earnings Per Share (EPS) represents the portion of a company's net earnings allocated to each share. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEPS-Defiinition-formula-and-why-EPS-matters-1\u002FEPS-Defiinition-formula-and-why-EPS-matters-1.png?_i=AA",{"url":69,"title":70,"description":71,"ogImage":72},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-stock-price-target","What Is a Stock Price Target? | TIKR.com","A price target is a stock's estimated future price. It can help investors quickly find undervalued stocks. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-Stock-Price-Target-2\u002FWhat-is-a-Stock-Price-Target-2.png?_i=AA",{"icon":74,"slug":75,"title":76,"description":77,"featuredLinks":78},"material-symbols:analytics-outline","fundamental-analysis","Fundamental Analysis","\u003Cp>In-depth resources and financial metrics to help you evaluate companies like a pro.\u003C\u002Fp>\n",[79,84,89,94,99],{"url":80,"title":81,"description":82,"ogImage":83},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fshare-repurchase-why-do-companies-buy-back-their-stock","Share Repurchase: Why Do Companies Buy Back Their Stock? | TIKR.com","Share repurchases, or share buybacks, have gained popularity in the last two decades. According to a report from Goldman Sachs, stock buybacks initiated","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e.png?_i=AA",{"url":85,"title":86,"description":87,"ogImage":88},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-invested-capital","What Is a Good Return on Invested Capital? | TIKR.com","Learning about Return on Invested Capital (ROIC) can help investors spot highly profitable stocks that can drive long-term returns. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-Invested-capital\u002FWhat-is-a-good-return-on-Invested-capital.png?_i=AA",{"url":90,"title":91,"description":92,"ogImage":93},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-equity-ratio","What is a Good Return on Equity Ratio | Tikr.com Blog | TIKR.com","Return on Equity (ROE) is a financial ratio that reflects a company's profitability in relation to the equity invested by shareholders. It basically","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-equity-ratio-1\u002FWhat-is-a-good-return-on-equity-ratio-1.jpg?_i=AA",{"url":95,"title":96,"description":97,"ogImage":98},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-p-e-ratio","What Is a Good P\u002FE Ratio? | TIKR.com","Financial analysts and investors look at various metrics before deciding whether a stock is a buy. One of the metrics is the price-to-earnings ratio (P\u002FE","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-PE-ratio-1\u002FWhat-is-a-good-PE-ratio-1.jpg?_i=AA",{"url":100,"title":101,"description":102,"ogImage":103},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Ftop-6-metrics-for-investing-in-reits","Top 6 Metrics for Investing in REITs | TIKR.com","Real estate has been one of the greatest asset classes for wealth creation in history, and investing in Real Estate Investment Trusts (REITs) can allow","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FGroup-10\u002FGroup-10.png?_i=AA",{"icon":105,"slug":106,"title":107,"description":108,"featuredLinks":109},"hugeicons:investigation","investing-lingo","Investing Lingo","\u003Cp>A comprehensive glossary of investing terms and jargon so you can speak the language of the markets confidently.\u003C\u002Fp>\n",[110,115,120],{"url":111,"title":112,"description":113,"ogImage":114},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fenterprise-value-definition-and-calculation","Enterprise Value: Definition and Calculation | Tikr.com Blog | TIKR.com","Enterprise value (EV) is a financial metric that offers a comprehensive snapshot of a company's total value. Unlike market capitalization which solely","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEnterprise-Value-Definition-and-Calculation_37576e40\u002FEnterprise-Value-Definition-and-Calculation_37576e40.png?_i=AA",{"url":116,"title":117,"description":118,"ogImage":119},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Febitda-definition-formula-how-to-use-it","EBITDA: Definition, Formula, How to Use It | TIKR.com","EBITDA stands for earnings before interest, taxes, depreciation and amortization. It's a financial metric commonly used to evaluate a company's financial","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEBITDA-Definition-Formula-How-to-Use-It\u002FEBITDA-Definition-Formula-How-to-Use-It.png?_i=AA",{"url":121,"title":122,"description":123,"ogImage":124},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-the-free-cash-flow-formula-and-why-does-it-matter","What is the Free Cash Flow Formula and Why Does It Matter | TIKR.com","Free cash flow, or FCF, is the cash a company generates after it accounts for outflows required to maintain business operations and support capital","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-the-free-cash-flow-formula\u002FWhat-is-the-free-cash-flow-formula.png?_i=AA",[126,130,134,137,141,145],{"slug":127,"modified":128,"title":129},"valuation-model-builder","2025-07-03T00:18:53","Value Stocks Quickly and Accurately",{"slug":131,"modified":132,"title":133},"stock-portfolio-tracking","2024-12-02T22:21:28","Monitor Your Portfolio",{"slug":75,"modified":135,"title":136},"2025-01-21T22:10:52","Instantly Analyze Companies with In-Depth Metrics",{"slug":138,"modified":139,"title":140},"stock-screener","2024-12-02T22:13:31","Find the Best Stocks to Buy",{"slug":142,"modified":143,"title":144},"investor-stock-portfolio","2025-01-21T22:02:56","Follow Investment Moves of Top Investors",{"slug":146,"modified":147,"title":148},"analyze-stocks","2025-07-23T16:04:24","Analyze Stocks",[150,154,158,162,166,170,174,178,182,186,190,194,198,202,206,210,214,218],{"slug":151,"title":152,"modified":153},"bloomberg","Bloomberg","2025-01-16T14:23:44",{"slug":155,"title":156,"modified":157},"morningstar","Morningstar","2025-01-16T14:25:16",{"slug":159,"title":160,"modified":161},"sentieo","Sentieo","2025-01-16T17:58:27",{"slug":163,"title":164,"modified":165},"googlefinance","Google Finance","2025-01-17T19:39:37",{"slug":167,"title":168,"modified":169},"tradingview","TradingView","2025-01-16T18:17:01",{"slug":171,"title":172,"modified":173},"factset","Factset","2025-01-16T18:20:16",{"slug":175,"title":176,"modified":177},"finviz","Finviz","2025-01-16T18:23:40",{"slug":179,"title":180,"modified":181},"ycharts","YCharts","2025-01-16T18:32:19",{"slug":183,"title":184,"modified":185},"marketbeat","MarketBeat","2025-03-11T00:27:23",{"slug":187,"title":188,"modified":189},"benzinga","Benzinga","2025-03-11T00:31:00",{"slug":191,"title":192,"modified":193},"gurufocus","Gurufocus","2025-03-11T00:31:12",{"slug":195,"title":196,"modified":197},"fast-graphs","FAST Graphs","2025-03-11T00:31:19",{"slug":199,"title":200,"modified":201},"tipranks","TipRanks","2025-03-11T00:31:26",{"slug":203,"title":204,"modified":205},"seeking-alpha","Seeking Alpha","2025-03-11T00:31:45",{"slug":207,"title":208,"modified":209},"thestreet","TheStreet","2025-03-11T00:31:52",{"slug":211,"title":212,"modified":213},"investing-com","Investing.com","2025-03-11T00:32:00",{"slug":215,"title":216,"modified":217},"zacks","Zacks","2025-03-26T15:40:40",{"slug":219,"title":220,"modified":221},"alphasense","AlphaSense","2025-03-11T00:32:15",{"post":223,"seo":256,"relatedPosts":264,"suggestedPosts":342},{"id":224,"title":225,"date":226,"modified":226,"excerpt":227,"content":228,"wordCount":229,"lang":230,"uri":231,"slug":232,"cloudinaryAssetId":233,"featuredImageOriginalUrl":234,"featuredImageMetadata":235,"author":238,"editor":244,"categories":247,"relatedPosts":253,"seo":254},145466,"PayPal股价较峰值已下跌逾80%。以下是10月27日需要关注的关键信息","2026-10-26T19:45:44","\u003Cp>门槛很低。这是个好消息。\u003C\u002Fp>","\u003Ch2 id=\"h-key-takeaways\" class=\"wp-block-heading\">核心要点\u003C\u002Fh2>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>PayPal将于10月27日周二盘前公布第三季度业绩，这是自8月下旬一笔价值超530亿美元的收购要约破裂后其首次发布财报。\u003C\u002Fli>\n\n\n\n\u003Cli>由于股价下方已无收购价支撑，本次财报必须显示毛利润仍在增长，且自由现金流符合管理层2026年的目标。\u003C\u002Fli>\n\n\n\n\u003Cli>第二季度毛利润仅增长1%，市场共识预计其2028年净利润不会高于2026年，因此每股收益的增长将完全由股票回购驱动。\u003C\u002Fli>\n\n\n\n\u003Cli>该股目前以10倍远期市盈率交易，远低于其五年平均的16倍，这个估值水平仿佛在定价公司业务正在萎缩，因此，一个显示温和增长的季度将足以支撑持有该股的理由。\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>PayPal (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=112732&tid=306093931\">PYPL\u003C\u002Fa>)\u003C\u002Fstrong> 的股价在2021年中达到约310美元的峰值，如今已较该高点下跌超过80%。曾短暂为股价提供支撑的收购要约也已不复存在。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">因此，当PayPal于10月27日周二盘前公布第三季度业绩时，其自身的财务数据将自交易破裂以来首次承担起支撑股价的重任。其中有两个数据最为关键。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-the-deal-floor-is-gone\" class=\"wp-block-heading\">交易底价已失\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">据报道，PayPal在7月收到每股60.50美元、总价值超过530亿美元的收购要约。该交易在8月下旬破裂，当天早盘股价下跌了12%。此后，PayPal\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fpaypal-bets-on-ai-shopping-with-glance-after-its-53-billion-buyout-collapses\">与Glance合作押注AI购物\u003C\u002Fa>。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">这使得公司业务必须自己证明其价值。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>TIKR追踪了44位分析师对PayPal的评级。有多少人给出“买入”评级？\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">在TIKR平台一站式查看PayPal的买入、持有和卖出评级完整细分，以及华尔街的收入和盈利预测。超过50万投资者使用TIKR研究此类股票。\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fvaluation-model-builder?ref=tikrblog\">查看PayPal的分析师评级\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-gross-profit-has-to-keep-growing\" class=\"wp-block-heading\">毛利润必须持续增长\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">第一个考验是毛利润，PayPal称之为交易利润额：即收入扣除支付处理成本和损失后的剩余部分。该指标从2024年的147亿美元增长至2025年的155亿美元。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">但增长已大幅放缓。在2026年第二季度，毛利润仅增长1%至39亿美元，而总支付额增长了10%。PayPal从处理的每美元中留存0.80%，低于一年前的0.87%。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">对于第三季度，管理层给出的指引是交易利润额将实现小幅正增长。同时，预计通过PayPal结账按钮处理的交易额（贡献公司过半利润）将增长约2%。如果毛利润低于去年同期水平，看空者关于公司业务正在萎缩的论点将得到印证。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-free-cash-flow-has-to-hold\" class=\"wp-block-heading\">自由现金流必须保持稳定\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">自由现金流是第二个考验，PayPal在这方面的记录一直很强劲。过去五个财年，其自由现金流每年都维持在42亿至68亿美元之间，2025年为56亿美元：\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002F2026-10-26_i64c771c5ab_PYPL_fcf_2021-2025\u002F2026-10-26_i64c771c5ab_PYPL_fcf_2021-2025.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1793011649\u002Fimages\u002F2026-10-26_i64c771c5ab_PYPL_fcf_2021-2025\u002F2026-10-26_i64c771c5ab_PYPL_fcf_2021-2025.png?_i=AA\" alt=\"Bar chart from TIKR of PayPal's free cash flow, $ billions, fiscal 2021–2025.\" class=\"wp-post-145466 wp-image-145463\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793011649\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793011649\u002Fimages\u002F2026-10-26_i64c771c5ab_PYPL_fcf_2021-2025\u002F2026-10-26_i64c771c5ab_PYPL_fcf_2021-2025.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793011649\u002Fimages\u002F2026-10-26_i64c771c5ab_PYPL_fcf_2021-2025\u002F2026-10-26_i64c771c5ab_PYPL_fcf_2021-2025.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1793011649\u002Fimages\u002F2026-10-26_i64c771c5ab_PYPL_fcf_2021-2025\u002F2026-10-26_i64c771c5ab_PYPL_fcf_2021-2025.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1793011649\u002Fimages\u002F2026-10-26_i64c771c5ab_PYPL_fcf_2021-2025\u002F2026-10-26_i64c771c5ab_PYPL_fcf_2021-2025.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1793011649\u002Fimages\u002F2026-10-26_i64c771c5ab_PYPL_fcf_2021-2025\u002F2026-10-26_i64c771c5ab_PYPL_fcf_2021-2025.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">PayPal (PYPL): 自由现金流，单位：十亿美元，2021-2025财年 (\u003Cstrong>TIKR\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">今年的进度也符合预期：上半年调整后自由现金流为35亿美元，而管理层对2026年的目标是至少60亿美元。（调整后数据剔除了PayPal“先买后付”贷款的时间因素影响。）但PayPal上半年在股票回购和股息上花费了33亿美元，超过了其报告的27亿美元自由现金流，同时其债务增加了18亿美元。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">这些支出很重要，因为股票回购正支撑着每股收益的增长。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-priced-for-a-shrinking-business\" class=\"wp-block-heading\">估值反映业务萎缩预期\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">市场共识预计PayPal 2026年和2028年的标准化净利润均为47亿美元，低于2025年的51亿美元。每股收益（EPS）在此期间仍将从5.39美元攀升至6.32美元，这完全得益于流通股数量的减少。第二季度稀释后股份从一年前的9.77亿股降至8.82亿股。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">而市场对这些盈利的定价并不高。PayPal目前以10倍远期市盈率交易，而其五年平均为16倍，2月份曾低至7.3倍。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002F2026-10-26_i64c771c5ab_PYPL_ntm_pe_5y\u002F2026-10-26_i64c771c5ab_PYPL_ntm_pe_5y.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1793011646\u002Fimages\u002F2026-10-26_i64c771c5ab_PYPL_ntm_pe_5y\u002F2026-10-26_i64c771c5ab_PYPL_ntm_pe_5y.png?_i=AA\" alt=\"Line chart from TIKR of PayPal's forward (NTM) P\u002FE, last 5 years.\" class=\"wp-post-145466 wp-image-145465\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793011646\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793011646\u002Fimages\u002F2026-10-26_i64c771c5ab_PYPL_ntm_pe_5y\u002F2026-10-26_i64c771c5ab_PYPL_ntm_pe_5y.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793011646\u002Fimages\u002F2026-10-26_i64c771c5ab_PYPL_ntm_pe_5y\u002F2026-10-26_i64c771c5ab_PYPL_ntm_pe_5y.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1793011646\u002Fimages\u002F2026-10-26_i64c771c5ab_PYPL_ntm_pe_5y\u002F2026-10-26_i64c771c5ab_PYPL_ntm_pe_5y.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1793011646\u002Fimages\u002F2026-10-26_i64c771c5ab_PYPL_ntm_pe_5y\u002F2026-10-26_i64c771c5ab_PYPL_ntm_pe_5y.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1793011646\u002Fimages\u002F2026-10-26_i64c771c5ab_PYPL_ntm_pe_5y\u002F2026-10-26_i64c771c5ab_PYPL_ntm_pe_5y.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">PayPal (PYPL): 远期（NTM）市盈率，过去5年 (\u003Cstrong>TIKR\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Ch2 id=\"h-the-guide-may-matter-more-than-the-quarter\" class=\"wp-block-heading\">业绩指引可能比季度数据更重要\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">单一个季度的数据本身无法说明太多问题。由于股价下方已无收购价支撑，该股的走势可能更多地取决于CEO恩里克·洛雷斯对2026年剩余时间的展望，而非季度业绩本身。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">管理层对2026年的指引预计非GAAP每股收益约为5.38美元，股票回购规模约为60亿美元。同时，尽管公司正致力于实现至少15亿美元的节省，但仍将非交易运营费用增长的预测上调至7%至8%，高于2月份时约3%的预测。如果洛雷斯维持指引，并且节省措施开始体现为费用增长放缓，那么该计划将赢得一些目前尚未获得的信任。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">我的看法是：以10倍市盈率来看，PayPal是一只业务增长缓慢的廉价股票，周二的财报只需证明其仍在增长即可。即使毛利润仅增长1%，同时自由现金流目标保持不变，就足以达到这个目的。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">当然，这是一个较低的门槛。更大的考验还在后面：PayPal的2027年指引以及管理层承诺明年将提供的分部财务数据。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-so-what-is-paypal-stock-actually-worth\" class=\"wp-block-heading\">那么PayPal股票的实际价值是多少？\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">TIKR让你能在一分钟内预测任何股票的未来价格。只需在TIKR的估值模型中输入几个假设，就能看到PayPal可能的价值。你可以从华尔街共识预测开始，或者调整输入参数以反映你对公司业务的看法。该工具免费使用。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fvaluation-model-builder?ref=tikrblog\">免费为PayPal估值\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch3 id=\"h-disclaimer\" class=\"wp-block-heading\">\u003Cstrong>免责声明：\u003C\u002Fstrong>\u003C\u002Fh3>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cem>请注意，TIKR上的文章并非TIKR或其内容团队提供的投资或财务建议，也不是买卖任何股票的建议。我们的内容基于TIKR Terminal的投资数据和分析师预测。我们的分析可能未包含公司近期新闻或重要更新。TIKR未持有文中提及的任何股票头寸。感谢阅读，祝您投资愉快！\u003C\u002Fem>\u003C\u002Fp>",981,"zh","\u002Fblog\u002Fpaypal-is-down-more-than-80-from-its-peak-heres-what-october-27-has-to-show","paypal-is-down-more-than-80-from-its-peak-heres-what-october-27-has-to-show","images\u002Fpondering-man-card-payment\u002Fpondering-man-card-payment","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793012179\u002Fimages\u002Fpondering-man-card-payment\u002Fpondering-man-card-payment.png?_i=AA",{"altText":236,"imageCredit":237},"PayPal Is Down More Than 80% From Its Peak. Here’s What October 27 Has to Show","Billion Photos and Rido via Canva]",{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":243},"Roxanna Maglangit","roxtikr","author","",[],{"name":239,"slug":240,"role":245,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":246},"editor",[],[248],{"name":249,"slug":250,"uri":251,"description":242,"postsCount":252},"一般投资","general-investing","\u002Fblog\u002Fcategory\u002Fgeneral-investing",0,[],{"title":236,"metaDesc":255,"opengraphDescription":255,"twitterTitle":236,"twitterDescription":255},"The bar is low. That’s the good news.",{"title":257,"description":258,"twitterTitle":257,"twitterDescription":258,"author":239,"articlePublisher":259,"articlePublishedTime":226,"articleModifiedTime":226,"twitterLabel1":260,"twitterData1":261,"ogTitle":257,"ogDescription":258,"ogUrl":231,"ogImage":234,"ogImageWidth":262,"ogImageHeight":263,"ogImageSecureUrl":234,"ogImageAlt":236,"twitterImage":234},"PayPal Is Down More Than 80% From Its Peak. Here’s What October 27 Has to Show","The bar is low. That’s the good news.","TIKR.com","预计阅读时间","1 minute",1200,630,[265,280,295,310,327],{"id":252,"title":266,"date":267,"excerpt":268,"wordCount":269,"uri":270,"slug":271,"cloudinaryAssetId":272,"featuredImageOriginalUrl":273,"featuredImageMetadata":274,"author":275,"categories":277,"relatedPosts":279},"特朗普在财报前增持奈飞。200亿美元押注其需要\"两到三部爆款\"","2026-10-26 19:43:00","门槛可能比看起来要低",1010,"\u002Fblog\u002Ftrump-added-netflix-before-earnings-20-billion-says-it-needs-two-or-three-big-hits","trump-added-netflix-before-earnings-20-billion-says-it-needs-two-or-three-big-hits","images\u002FNetflix\u002FNetflix","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792781809\u002Fimages\u002FNetflix\u002FNetflix.png?_i=AA",{"altText":266},{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":276},[],[278],{"name":249,"slug":250,"uri":251,"description":242,"postsCount":252},[],{"id":252,"title":281,"date":282,"excerpt":283,"wordCount":284,"uri":285,"slug":286,"cloudinaryAssetId":287,"featuredImageOriginalUrl":288,"featuredImageMetadata":289,"author":290,"categories":292,"relatedPosts":294},"Moderna股价再跌8%，尽管首席研究员称黑色素瘤疫苗数据\"具有变革性\"","2026-10-26 19:28:09","黑色素瘤患者的真正福音，股价依然高企",774,"\u002Fblog\u002Fmoderna-sinks-another-8-even-as-lead-investigator-calls-melanoma-vaccine-data-transformational","moderna-sinks-another-8-even-as-lead-investigator-calls-melanoma-vaccine-data-transformational","images\u002Fgrim-older-man-falling-red-chart\u002Fgrim-older-man-falling-red-chart","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792780116\u002Fimages\u002Fgrim-older-man-falling-red-chart\u002Fgrim-older-man-falling-red-chart.png?_i=AA",{"altText":281},{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":291},[],[293],{"name":249,"slug":250,"uri":251,"description":242,"postsCount":252},[],{"id":252,"title":296,"date":297,"excerpt":298,"wordCount":299,"uri":300,"slug":301,"cloudinaryAssetId":302,"featuredImageOriginalUrl":303,"featuredImageMetadata":304,"author":305,"categories":307,"relatedPosts":309},"Lumentum上涨3%，StoneX给予买入评级，目标价1200美元：关键稀缺点","2026-10-26 19:24:22","StoneX 并非在冒险行事",730,"\u002Fblog\u002Flumentum-gains-3-as-stonex-starts-at-buy-with-1200-target-critical-scarcity-points","lumentum-gains-3-as-stonex-starts-at-buy-with-1200-target-critical-scarcity-points","images\u002Fconfident-man-rising-green-chart\u002Fconfident-man-rising-green-chart","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792770636\u002Fimages\u002Fconfident-man-rising-green-chart\u002Fconfident-man-rising-green-chart.png?_i=AA",{"altText":296},{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":306},[],[308],{"name":249,"slug":250,"uri":251,"description":242,"postsCount":252},[],{"id":252,"title":311,"date":312,"excerpt":313,"wordCount":314,"uri":315,"slug":316,"cloudinaryAssetId":317,"featuredImageOriginalUrl":318,"featuredImageMetadata":319,"author":320,"categories":324,"relatedPosts":326},"Circle股价下跌7%，因瑞穗警告AI代理带来\"显著风险\"，目标价下调至43美元","2026-10-26 19:07:47","Mizuho询问AI代理应如何配置现金，它们并未选择USDC。",701,"\u002Fblog\u002Fcircle-sinks-7-as-mizuho-warns-of-marked-risk-from-ai-agents-cuts-target-to-43","circle-sinks-7-as-mizuho-warns-of-marked-risk-from-ai-agents-cuts-target-to-43","images\u002F5-9_118780a9ab7\u002F5-9_118780a9ab7","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1784630659\u002Fimages\u002F5-9_118780a9ab7\u002F5-9_118780a9ab7.png?_i=AA",{"altText":311},{"name":321,"slug":322,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":323},"Gian Estrada","giantikr",[],[325],{"name":249,"slug":250,"uri":251,"description":242,"postsCount":252},[],{"id":252,"title":328,"date":329,"excerpt":330,"wordCount":331,"uri":332,"slug":333,"cloudinaryAssetId":334,"featuredImageOriginalUrl":335,"featuredImageMetadata":336,"author":337,"categories":339,"relatedPosts":341},"Xencor股价飙升31%，肾癌试验数据显示\"令人印象深刻的抗肿瘤活性\"","2026-10-26 18:55:19","仅有11名患者，但开局堪称惊艳",742,"\u002Fblog\u002Fxencor-soars-31-on-kidney-cancer-trial-data-showing-impressive-antitumor-activity","xencor-soars-31-on-kidney-cancer-trial-data-showing-impressive-antitumor-activity","images\u002Fcheering-woman-rising-green-chart\u002Fcheering-woman-rising-green-chart","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793020037\u002Fimages\u002Fcheering-woman-rising-green-chart\u002Fcheering-woman-rising-green-chart.png?_i=AA",{"altText":328},{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":338},[],[340],{"name":249,"slug":250,"uri":251,"description":242,"postsCount":252},[],[343,363,378,392],{"id":252,"title":344,"date":345,"excerpt":346,"wordCount":347,"uri":348,"slug":349,"cloudinaryAssetId":350,"featuredImageOriginalUrl":351,"featuredImageMetadata":352,"author":353,"categories":357,"relatedPosts":362},"过去12个月上涨13%，Arista Networks股票能否在2026年带来更佳回报？","2026-10-26 12:57:00","Arista股票一年内上涨了10%。查看TIKR估值模型对ANET上行空间的预测，其目标价预计在2028年12月前达到275美元。",1099,"\u002Fblog\u002Farista-networks-stock-valuation-anet-2026","arista-networks-stock-valuation-anet-2026","images\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793010558\u002Fimages\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva.png?_i=AA",{"altText":344},{"name":354,"slug":355,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":356},"Aditya Raghunath","adityatikr",[],[358],{"name":359,"slug":360,"uri":361,"description":242,"postsCount":252},"估价","valuation","\u002Fblog\u002Fcategory\u002Fvaluation",[],{"id":252,"title":364,"date":365,"excerpt":366,"wordCount":367,"uri":368,"slug":369,"cloudinaryAssetId":370,"featuredImageOriginalUrl":371,"featuredImageMetadata":372,"author":373,"categories":375,"relatedPosts":377},"过去12个月下跌48%，SoFi股票能否在2026年交出更好的成绩单？","2026-10-26 12:45:00","SoFi股价一年内下跌了51%。来看看TIKR估值模型对SOFI上行空间的看法，其目标价为到2028年12月达到22美元。",1081,"\u002Fblog\u002Fsofi-stock-valuation-sofi-2026","sofi-stock-valuation-sofi-2026","images\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793015325\u002Fimages\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva.png?_i=AA",{"altText":364},{"name":354,"slug":355,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":374},[],[376],{"name":359,"slug":360,"uri":361,"description":242,"postsCount":252},[],{"id":252,"title":379,"date":365,"excerpt":380,"wordCount":381,"uri":382,"slug":383,"cloudinaryAssetId":384,"featuredImageOriginalUrl":385,"featuredImageMetadata":386,"author":387,"categories":389,"relatedPosts":391},"过去12个月仅上涨9%，Palantir股票能否在2026年带来更好的回报？","Palantir股价一年来仅上涨4%。查看TIKR估值模型对PLTR上行空间的预测，其目标价至2028年12月将达到529美元。",1024,"\u002Fblog\u002Fpalantir-stock-valuation-pltr-2026","palantir-stock-valuation-pltr-2026","images\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793003212\u002Fimages\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c.png?_i=AA",{"altText":379},{"name":354,"slug":355,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":388},[],[390],{"name":359,"slug":360,"uri":361,"description":242,"postsCount":252},[],{"id":252,"title":393,"date":394,"excerpt":395,"wordCount":396,"uri":397,"slug":398,"cloudinaryAssetId":399,"featuredImageOriginalUrl":400,"featuredImageMetadata":401,"author":402,"categories":404,"relatedPosts":406},"过去12个月下跌56%，AppLovin股票能否在2026年带来更好回报？","2026-10-26 12:33:00","AppLovin股价在过去一年下跌了60%。来看看TIKR估值模型对APP上行潜力的分析，其给出的目标价为到2028年12月达到366美元。",1139,"\u002Fblog\u002Fapplovin-stock-valuation-app-2026","applovin-stock-valuation-app-2026","images\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793013215\u002Fimages\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2.png?_i=AA",{"altText":393},{"name":354,"slug":355,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":403},[],[405],{"name":359,"slug":360,"uri":361,"description":242,"postsCount":252},[]]