PayPal After being a huge beneficiary of the mid-2020 bull market, PayPal (NASDAQ: PYPL) has since seen its stock price slashed by over three-fourths, bringing it down to 2017 levels. Many COVID-19 pandemic darlings saw high inflation, rising interest rates, and economic anxiety come in and turn on the lights in the party. However, this recent bear market could be a great buying opportunity for investors looking for beaten-down growth stocks.