After navigating a challenging period, PayPal (NASDAQ: PYPL) is positioning itself for a comeback under the leadership of CEO Alex Chriss, who took over the top job in 2023 with a renewed focus on innovation and serving small businesses.

Shares of financial technology company PayPal (NASDAQ: PYPL) were up 39% in 2024, according to data provided by S&P Global Market Intelligence, compared to just a 23.3% return for the S&P 500. The reality is that PayPal stock underperformed the S&P 500 for three straight years,

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PayPal's (NASDAQ: PYPL) stock closed at an all-time high of $308.53 on July 23, 2021. At the time, the pandemic was generating strong tailwinds for its business as more people shopped online and used digital payments.