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.