PYPL - Could This Undervalued Stock Make You a Millionaire One Day?
2024-06-21 04:16:00 ET
PayPal (NASDAQ: PYPL) was once on top of the world. Since its spin-off from eBay in July 2015 to their all-time high in July 2021, shares skyrocketed 740%. This means that had you invested $119,000 in the payments business at the spin-off, you would've become a millionaire in six short years.
It's been a totally different story for this fintech stock since reaching that peak. Shares currently trade 81% off that high (as of June 18), as investors have become extremely pessimistic about PayPal's prospects.
But the stock trades at a dirt cheap price-to-earnings ratio of just 14.9, which is about the cheapest it has ever sold for and a 37% discount to the broader S&P 500 . Can the undervalued shares of PayPal make you a millionaire one day?
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Could This Undervalued Stock Make You a Millionaire One Day?