🔍 The Setup: Everyone's Missing the Transformation
Consider a company that:
Has 432 million active users
Generates $6.8 billion in free cash flow annually
Just secured partnerships with OpenAI, Google, and Meta for AI payments
Yet trades at 13.6× P/E – 35% below competitors
Yes, I'm talking about PayPal. And no, this isn't clickbait.
The market narrative is clear: "Mature business. No growth. Venmo can't monetize. Amazon and Apple will kill them."
But this is exactly when the best opportunities appear—when everyone sees the same negative story and nobody is willing to look deeper.
📊 The Numbers That Matter
Current Price: $67.93
Target Price: $106
Upside: +56%
2027E EPS: $6.46
Current P/E: 13.6x
Target P/E: 16.4x (still 26% below historical average)