Dear PayPal Stock Fans, Mark Your Calendars for May 5

PayPal (PYPL) is due to report its first-quarter financial results on May 5 before the market opens. The digital-payments giant reported Q4 results that were disappointing in many respects, and its Q1 earnings are not expected to be particularly impressive. Moreover, PYPL could be hurt by weakening consumer spending going forward.

But with the shares changing hands at an extraordinarily low valuation and the company appearing to be well-positioned to benefit from increased use of artificial intelligence (AI) and a new CEO going forward, long-term value investors looking for a good tech stock to buy should consider purchasing PYPL stock. Also importantly, there's a good chance that the shares will get a big boost from a strategic transaction down the road.