PayPal is a well known online payment solution provider, allowing individuals and businesses to send and receive money electronically.

From the past 2 years PayPal stock faced many ups and downs.

But despite challenges PayPal's recent performance has given Wall Street some optimism.

PayPal's third-quarter results was very good as it shows 20% increase in adjusted earnings per share at $1.30, higher than the expected $1.23.

Significant rise in revenue was seen, 8% up from the previous year.

Total payment volume rose near about 12%, but active accounts declined also.

The company raised its full-year earnings forecast with an optimistic approach.

PayPal is now focusing on high-quality customer growth and profitable revenue growth for future quarters.

But some investors believe PayPal's undervalued stock presents opportunities, while others remain cautious about its growth potential.

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