Despite a very challenging economy and a global consumer base that's still struggling with the effects of inflation, PayPal (NASDAQ: PYPL) put up solid growth to kick off 2023. Revenue and adjusted earnings per share (EPS) grew a respective 9% and 33% year over year in Q1 2023, and the outlook for profitability for the rest of the year got an upgrade as a result. 

But even the mention of artificial intelligence (AI) being used to boost profit margins wasn't good enough to appease the market. PayPal's stock price tumbled more than 10% the day following the quarterly update.

Yet this fintech stock remains incredibly cheap by some metrics. Is it still a buy?

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Source Fool.com