Is PayPal Stock a Bargain or Trap?

By Matt Frankel – Jul 31, 2023 at 6:21AM

NASDAQ: PYPL

PayPal

Market Cap

$69B

Today's Change

(2.90%) $1.86

Current Price

$65.96

Price as of April 26, 2024, 4:00 p.m. ET

The fintech giant is more than 75% off its highs. Is it worth a look?

Not only is PayPal (PYPL 2.90%) still well below its pandemic-era highs, but it hasn't benefited nearly as much from the recent market rally as some of its fintech peers. However, while PayPal might not be the exciting growth story it once was, here's why I think it could be an excellent choice for value-seeking investors.

*Stock prices used were the afternoon prices of July 28, 2023. The video was published on July 29, 2023.

Matthew Frankel, CFP® has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends PayPal. The Motley Fool recommends the following options: short September 2023 $67.50 puts on PayPal. The Motley Fool has a disclosure policy.

Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.