The Pushpay (ASX:PPH) share price jumped 80% in 2020: Can it go higher?

The Pushpay Holdings Ltd (ASX: PPH) share price was on form again in 2020 and surged notably higher.

Over the 12 months, the donor management and community engagement platform provider’s shares were up a sizeable 81%.

Why did the Pushpay share price jump 80% higher in 2020?

Investors were buying Pushpay’s shares in 2020 after it delivered exceptionally strong revenue and earnings growth despite the pandemic.

In FY 2020, the company reported a 33% increase in operating revenue to US$127.5 million. This was driven by a 39% increase in total processing volume to US$5 billion, a 42% lift in customer numbers to 10,896, and flat average revenue per user of US$1,317 per month.

While this growth was clearly very strong, it was…