1. PayPal's stock price shows signs of breaking out of a consolidation pattern post-Q2 2024 earnings report. 2. The company's strong revenue growth and cost control strategies have improved operating margins. 3. PayPal's free cash flow and owner's earnings significantly exceed its accounting EPS, indicating a true earning power and valuation discount. 4. The stock's valuation is attractive, with a P/FCF ratio of 11x and a double-digit profit growth projection.