While fintech stocks used to be the hottest group on Wall Street, that's no longer the case. Throw in some self-inflicted blunders, and you get a poorly performing stock.

This is what PayPal (NASDAQ: PYPL) has been. The stock currently trades around $65, a level last seen in 2017.

While PayPal deserved to be knocked off its $308 all-time high, it is undervalued at its current level. This and a few other reasons (four, in fact) prompted me to purchase PayPal stock recently. Read on to find out my other reasons and why I think it would be smart for other investors to follow suit.

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Source Fool.com