Not long ago, financial technology, or fintech, was the hottest investment thesis on Wall Street. While many trends have come and gone since then, the prevalence of digital payments has stuck around. However, the stocks have fallen out of favor with investors, and many fintechs have struggled over the past few years.

PayPal (NASDAQ: PYPL) is a case in point, and the stock is down nearly 80% from its all-time high and trading at levels not seen since 2017. Stats like that might lead investors to believe that PayPal has been a failure. While PayPal has had its share of blunders, it has still succeeded in growing its digital-wallet product.

So should investors consider buying PayPal stock? Read on to find out.

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Source Fool.com