10 Affordable Blue Chip Stocks to Buy

4. PayPal Holdings, Inc. (NASDAQ:PYPL)

Stock Upside Potential: 37.20%

Forward P/E: 10.43

Number of Hedge Fund Holders: 89

PayPal Holdings Inc. (NASDAQ:PYPL) is an affordable blue-chip stock to buy. On November 19 at Citi’s 14th Annual FinTech Conference, CEO Alex Chriss reiterated PayPal Holdings Inc. (NASDAQ:PYPL) growth prospects, even as economic slowdown increasingly affects consumer spending.

According to Chriss, PayPal is well-positioned to capitalize on Buy Now, Pay Later and agentic commerce. Consequently, the company expects transaction margins to grow 6% to 7%, with BNPL volume reaching $40 billion. Venmo revenue is also expected to surpass $2 billion, even amid an economic slowdown that is affecting Q4 checkout growth.

PayPal is also increasingly investing in agentic commerce and BNPL. It has already inked a new agreement in which KKR is to purchase €65 billion of buy-now, pay-later loan receivables that originated in five European countries. The agreement strengthens the strategic partnership under which KKR has purchased a majority of PayPal’s European BNPL receivables.

“Our continued partnership with KKR reflects the ongoing success of our European buy now, pay later business and our disciplined approach to balance sheet management,” said Jamie Miller, PayPal’s Chief Financial and Operating Officer. “The enhanced terms of this new agreement will support the ongoing growth of our BNPL portfolio in Europe.”

Previously on November 12, DBS analyst Iris Gao maintained a Hold rating on PayPal Holdings, with a price target of $70.00.

PayPal Holdings, Inc. (NASDAQ:PYPL) is a technology company that provides digital and mobile payment solutions for consumers and merchants through platforms like PayPal, Venmo, and Braintree. It facilitates online and in-person transactions, allowing users to send and receive money and make payments securely without directly sharing their financial information.