PayPal's Comeback Story: Why PYPL Stock Is a Bargain Buy in 2024

Once deemed an overpriced fintech stock, PayPal (NASDAQ:PYPL) stock has since become attractively-priced for investors. Formerly dominant in online payments, PayPal faced heightened competition from Apple, Google, and others. Declining online shopping post-pandemic forced PayPal into less lucrative ventures, squeezing gross margins to 45.8% in Q4 2023. Shares plummeted 80%, leaving a $66.9 billion market cap, raising questions about its future.Under new CEO Alex Chriss, PayPal is undergoing strategic change ...