PayPal (NASDAQ: PYPL) shareholders had a rough ride in the second half of 2021. After reaching an all-time high of $310 in late July, PayPal stock has marched steadily downward and is now sitting nearly 40% below that high mark. The market is giving investors a huge buying opportunity by resetting the price to Oct. 2020 levels.
PayPal lets users send and receive money, make purchases, trade cryptocurrencies, and more. It also operates Venmo, a peer-to-peer payment processor. As the leading name in fintech, it has a solution for nearly every financial circumstance.
While the market has had a few good reasons to sell -- such as the rumored Pinterest acquisition -- long-term investors have more reasons to buy. I believe the stock can return to its all-time high and set new records beyond that, beating the market along the way.
Source Fool.com