PayPal HoldingsNASDAQ: PYPL

If you're reluctant to invest in PayPal (NASDAQ: PYPL ), that's understandable. It's difficult for PayPal to protect its market share in the crowded and highly competitive fintech space.

Mesh, a U.S. fintech whose investors include PayPal Ventures, will provide customers of Italian digital asset wallet Conio access to several leading crypto exchanges, such as Binance or Coinbase, the two companies said on Monday.

RBC Capital analyst Daniel Perlin reiterated PayPal Holdings Inc PYPL with an Outperform and a $84 price target.

InvestorPlace contributor David Moadel predicted in early June that PayPal (NASDAQ: PYPL ) stock, because of a combination of factors, should hit $90 in the next 12 months.  I said in late March that it was time to buy PayPal stock given it was up 34% from its five-year low in October 2023.

PayPal Holdings remains a leading global fintech player and continues to benefit from the strong secular tailwinds behind its industry. While the stock price remains stagnant, PayPal's operational performance tells a very different story. The company continues to exhibit solid growth across its diverse range of payment businesses. PayPal is heavily undervalued with a 9.5x trailing P/FCF ratio, strong balance sheet, and forecasts for continued growth.

Paypal (PYPL) closed at $58.26 in the latest trading session, marking a -1.8% move from the prior day.

If you're scouting for fintech stocks to buy, now is the right time to hop in. The fintech space is ripe with potential.

Macroeconomic tailwinds could work in this beaten-down growth stock's favor as consumer behavior adjusts.

PayPal has improved the EPS growth trajectory and is showing the same EPS growth momentum it had pre-pandemic. Between 2015 and 2019, the EPS grew from 0.8 to 2.1 which is equal to 22% CAGR and the recent EPS growth projections show a similar trend line. PayPal is investing close to $5 billion annually on buybacks which should improve EPS growth by 8%-10% on a standalone basis.