While the market, in general, may be getting a bit expensive thanks to newfound market optimism, there are still plenty of stocks that trade at reasonable levels that investors can scoop up without fear of overpaying. Three stocks that I'd be willing to deploy $500 to buy are PayPal (NASDAQ: PYPL), Airbnb (NASDAQ: ABNB), and Meta Platforms (NASDAQ: META).

These three don't have much in common from a business mindset, but their stocks share the same trait: undervaluation.

PayPal is a leader in the payment processing space and can be used by consumers and merchants to manage payment methods. PayPal also has a popular peer-to-peer payment service in Venmo and an unbranded payment processing product in Braintree, which is used to make a more custom payment processing experience.

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Source Fool.com