Once a top-performing stock, (NASDAQ: PYPL) has become a huge disappointment for shareholders in more recent times. As of April 4 the fintech stock is sitting 79% below its peak price, which was set in July 2021.
But that shouldn't discourage long-term investors. I believe there's a lucrative opportunity here, primarily because the stock trades at a ridiculously cheap forward price-to-earnings (P/E) ratio of just 12.6.
Should you buy PayPal shares right now? I don't think there's any question that you should add the digital payments leader to your portfolio.
Source Fool.com