Jim Cramer’s Latest Game Plan: 20 Stocks to Watch

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

Number of Hedge Fund Holders: 87

Cramer said, “I also think that both Reddit and PayPal will do terrifically.” He added that PayPal Holdings, Inc.’s (NASDAQ:PYPL) stock is hot and will remain that way.

PayPal (NASDAQ:PYPL) is a leading technology platform that facilitates digital payments for both merchants and consumers. According to analysts led by Dan Dolev, over the past 12 months, its total branded payment volume has increased by 6%, matching or surpassing the growth rates of nine out of the 14 largest users of its branded checkout service.

This growth is particularly significant as branded checkout generates considerably higher profits compared to unbranded card processing, which has become the predominant method in its overall payment processing activities.

The company experienced a sequential increase in the number of active accounts during the first and second quarters, indicating a positive trend in user engagement. While it did not offer a full-year revenue forecast, it forecasts that adjusted EPS will rise by “low to mid-teens” percentages from the $3.83 reported in 2023.

PayPal (NASDAQ:PYPL) is focused on advancing its Fastlane product for businesses and expanding the PayPal Complete Payments Platform over the upcoming year. Additionally, there are plans to grow its advertising division. With access to a wealth of consumer spending data, the company aims to better connect customers with merchants to drive sales conversions.