Buy PYPL by May 19, 2031.

PayPal is being priced like a declining fintech, but the business is not actually declining. Revenue is still growing slowly year over year, and the company continues to generate around $6B+ of annual free cash flow, with projections suggesting it could add another $1.5B over the next couple of years. At today’s valuation, PayPal trades at around 6,5x free cash flow. That means the market is pricing in either huge margin erosion or a future collapse in free cash flow. …