(NASDAQ: PYPL) has had a tough go of it in recent years. The company thrived during the pandemic and had lofty growth expectations over the next few years. However, the company has faced challenges since then, leading to revised expectations and a stock sell-off; the stock is down 80% from its peak price in 2021.

PayPal is under new leadership that is looking to right the ship, and the stock trades at a cheap valuation relative to its history. Here's what you should know to help you decide if PayPal is right for your portfolio.

PayPal experienced massive growth during the pandemic, adding 122 million new accounts and growing revenue by 43% over two years while surpassing $1 trillion in total payment volume.

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Source Fool.com