console.dir(event.target.value) is empty string, but console.dir(event) shows a "full string" for the value property

Question

I have an input element with an onPaste event handler. When I paste a string of text (eg "A string I pasted") into the input the event gives me an empty string "" value:

<input onPaste={handleOnPaste} placeholder="paste image or url here"></input>

    function handleOnPaste(e) {
        const stringValue = e.target.value;
        console.log({ stringValue }); // logs ""
        console.dir({target: e.target}) // logs "A string I pasted". See image below
        console.dir({value: e.target.value}) // logs ""
    }

1. Why does console.dir(e.target) provide an object with a different value than console.dir(e.target.value).
2. How do I access the value that contains a string in my javascript?