By skyforbes 
PayPal also owns Venmo.
Growth hasn’t been huge. Year over year user growth is only around 1 percent, so it’s not exactly the hottest stock in the market. But, I think that will re-accelerate.
But last week, PayPal announced a partnership with OpenAI’s ChatGPT. ChatGPT has a billion active users who will now be able to easily buy and sell through ChatGPT using PayPal. Even better, eligible transactions come with PayPal’s Purchase Protection and Seller Protection. This means users get the convenience of PayPal’s wallet in Instant Checkout, with multiple funding options like bank, balance, or card, plus tracking, dispute resolution, and all the protections PayPal buyers and sellers value.
PayPal will also connect its global merchant network to OpenAI, creating a platform for tens of millions of small businesses as well as the largest brands in the world to sell within ChatGPT. I think this has the potential to add a ton of new active users for PayPal, growth that the market isn’t currently pricing in.
Right now, PayPal trades at a PE of 13.25, which is really cheap. Forward PE is 11.9.
They are also putting all of their free cash flow into buying back shares, rewarding shareholders consistently. On average, they increase the supply by just 10 percent per year, so shareholders see real value.
The CEO is young and forward thinking. He even consults his kids, who are in college, on trends in AI and how to push Venmo and other innovations. I think PayPal is well-positioned to be one of the winners as AI becomes a bigger part of commerce.
This is why I’m long $PYPL, 10,400 shares at $69.42.