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Could Buying PayPal Stock Today Set You Up for Life?
PYPLPayPal(PYPL) The Motley Fool·2024-10-25 10:55

Should you invest in this out-of-favor fintech stock?PayPal's (PYPL 0.69%) stock hit an all-time high of 308.53onJuly23,2021.Atthetime,investorswereimpressedbythedigitalpaymentleadersrapidgrowthrates.Thebuyingfrenzyingrowthstocksalsoamplifieditsgains.Buttoday,PayPalsstocktradesatabout308.53 on July 23, 2021. At the time, investors were impressed by the digital payment leader's rapid growth rates. The buying frenzy in growth stocks also amplified its gains.But today, PayPal's stock trades at about 80. It lost nearly three-quarters of its value as the pandemic-related shop-from-home tailwinds dissipated, the macro and competitive headwinds intensified, and its growth in active accoun ...