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Has PayPal Holdings (PYPL) Outpaced Other Computer and Technology Stocks This Year?

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Investors focused on the Computer and Technology space have likely heard of PayPal Holdings (PYPL - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of PYPL and the rest of the Computer and Technology group's stocks.

PayPal Holdings is a member of the Computer and Technology sector. This group includes 638 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. PYPL is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for PYPL's full-year earnings has moved 7.66% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, PYPL has gained about 24.44% so far this year. At the same time, Computer and Technology stocks have gained an average of 22.37%. As we can see, PayPal Holdings is performing better than its sector in the calendar year.

Looking more specifically, PYPL belongs to the Internet - Software industry, a group that includes 89 individual stocks and currently sits at #100 in the Zacks Industry Rank. This group has gained an average of 24.08% so far this year, so PYPL is performing better in this area.

Investors in the Computer and Technology sector will want to keep a close eye on PYPL as it attempts to continue its solid performance.


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