(NASDAQ: PYPL) was once one of the best-performing stocks around. The pandemic and a rise in online shopping helped drive superb growth, leading to monster gains in 2020.

But since this leading fintech stock peaked in July 2021, it's been a disappointing story. It currently sits 80% below that record high. And even in 2023, the shares have declined 13% (as of Dec. 21), which is upsetting given the market's healthy gains.

Better days might be on the horizon. There are reasons to believe that PayPal could explode higher in 2024.

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Source Fool.com