To The Moon

Here’s what catches my attention:

• PayPal’s been doing more than just maintaining the status quo. Their revenue for the trailing twelve months is about US$32.3 billion, so they’re still growing even in a crowded space.

• Net income is improving. For a recent quarter they pulled in roughly US$1.26 billion, showing that profitability is becoming more consistent.

• Growth plans: they’re pushing hard into things like “branded checkout” (their payment button/service that merchants embed), expanding Venmo, building out global wallet connections, leaning into Buy-Now-Pay-Later (BNPL) services, and cost efficiencies.

• The combination of scale + monetisation (getting more value from each user/transaction) means the upside is real if things go right.

Now, why do I see $150 as within reach (over a multi-year horizon)?

• At $69 now, doubling to ~$150 implies roughly a 2× move — sounds like huge upside. If PayPal can keep growth going, maybe 8-15% revenue growth yearly, margin expansion, and strong user monetisation, it’s plausible.

• The payments industry keeps evolving: digital wallets, cross-border commerce, embedded payments in platforms/apps. If PayPal executes well, they’re in the mix.

• If they can deliver new services and expand their addressable market (younger users, global markets, merchant services), then the revenue/earnings base grows — and the market could assign a higher multiple.

Of course, I’m not ignoring the risks:

• Growth isn’t blazing yet. Revenue growth is modest in recent years, which means expectations have to be managed.

• Competition is fierce (other payment platforms, fintechs, tech giants) and PayPal has to keep innovating.

• Execution matters: product uptake, regulatory environment, global expansion all have to go smoothly.

• Hitting $150 will require multiple things going well (growth, margins, sentiment) — so patience is key.

In summary: If I were telling you what I’d buy and hold for the next 5-10 years, PayPal is looking like a smart candidate if you believe digital payments + wallet services + embedded commerce keep rising. The $150 goal feels doable with the right execution.