5 Jim Cramer Stock Picks This Week

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

Upside Potential: 41.42%
Price target: $87.03

PayPal Holdings, Inc. (NASDAQ:PYPL) is a financial service company that operates a platform that lets people makes digital payments. It provides payment solutions under the PayPal, PayPal Credit Venmo, and Xoom brands. The stock has underperformed the market as it is down by about 17% year to date.

Amid the underperformance, the company is expanding its footprint into the burgeoning crypto segment, which Cramer believes could be a game changer. The company has launched its Ethereum-based stablecoin backed by US dollars.

With the launch, it is now directly competing with Tether and Circle in sending currencies worldwide on the chain.

“PayPal Holdings, Inc. (NASDAQ:PYPL) had just an okay quarter but to have their stablecoin backed up by treasuries in currencies and actual dollars is very big,” said Cramer.

According to Cramer, PayPal is the stock for anyone looking to gain some exposure in the crypto scene. The average price target on PayPal Holdings, Inc. (NASDAQ:PYPL) is $87.03, implying a 41.42% upside potential from current levels.

Follow Paypal Holdings Inc. (NASDAQ:PYPL)

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