After crushing the market for two years after the pandemic began in March 2020, PayPal Holdings' (NASDAQ: PYPL) stock price has fallen back to earth in dramatic fashion.

The fintech was a big winner when transactions migrated online amid the pandemic. However, when economies reopened, money began to flow back into services and entertainment and slowed down online, forcing PayPal to reconsider its lofty long-term growth goals.

Since peaking in mid-2021, PayPal's stock price has plummeted by over 75%, going from one of the hottest growth stocks to a deeply discounted value stock in under a year. While PayPal may not see the blistering growth rate it did just a couple of years ago, the fintech stock is ridiculously cheap and is worth buying today. Here's why.

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Source Fool.com