The S 500 dropped into bear market territory more than one year ago, dragging PayPal Holdings (NASDAQ: PYPL) down with it. The fintech saw its share price fall 80% amid the broader downturn, its sharpest decline as a public company. That sell-off was brought on by several headwinds, including an inflation-fueled deceleration in consumer spending, unfavorable foreign exchange rates, and geopolitical conflict.

Last year, those challenges forced PayPal to remove its medium-term financial targets, and they led to a series of lackluster financial results. But economic headwinds are a temporary problem, so patient investors should view the drawdown as a buying opportunity. PayPal remains well-positioned to grow its business, and shares currently trade at a bargain price.

Here's what investors should know about this growth stock.

Continue reading

Source Fool.com