There is no doubt that PayPal (PYPL) is a highly volatile stock. However, there are a few reasons to believe that it is a good long term investment.
First, PayPal is a leading provider of online payment solutions. Its platform allows users to make payments, transfer money, and shop online.
This gives PayPal a strong competitive edge and allows it to grow its business at a rapid pace.
Second, PayPal is a well-run company. It has a strong balance sheet and is able to generate a lot of cash flow.
This allows it to invest in its business and grow its revenues.
Finally, PayPal is a relatively stable stock. Its price has fluctuated a bit in the past, but it has generally held up well over the long term.
This makes it a good option for investors who are looking for a safe investment.