(NASDAQ: PYPL) experienced tremendous growth during the pandemic as digital payments exploded in use. However, with increasing competition and shrinking profit margins, investors have been cautious, if not downright pessimistic, about the once-hot payments company.
Since the bull market started in October 2022, the S 500 has surged by 44% and the Nasdaq Composite by 74%. Meanwhile, PayPal's stock has plummeted by 30% and remains 81% below its all-time high.
Under new leadership, PayPal will look to turn things around with its small business offerings and leverage its data trove to scale up its advertising business. With the stock so cheap, is now the time to buy PayPal? Let's dive into its business plans to find out.
Source Fool.com