PayPal surged after reports of active sale talks with a Stripe and Advent International consortium.
Holdings is in talks to sell itself to a group that includes Stripe and the private-equity firm Advent International, according to people familiar with the matter, WSJ reports.
Stripe and Advent in July proposed paying $60.50 a share for PayPal, a price PayPal viewed as insufficient, some of the people said. The two sides have since been negotiating a potentially higher price, the people said.
Stripe, valued near $159 billion, would gain PayPal’s 439 million active accounts and Braintree’s merchant footprint, creating a combined $3 trillion payment platform.
CEO Enrique Lores confirmed the board will objectively evaluate every opportunity as Q2 revenue hit $8.68 billion with non-GAAP EPS beating consensus at $1.38.
Where PayPal Stock Sits Today
PayPal closed Friday’s trading session at $61.66, up 1.77% on the day, 4.38% on the week, and 11.06% over the past month. PayPal currently trades at just 11.1x next year’s expected earnings and 9.1x expected FCF. „The stock still trades below its 52-week high of $78.53, and shares remain down 77.38% over five years. Analysts have an average price target of $58.83, implying they think the company is just about fairly valued today with a market cap of $52.7 billion.” – according to Yahoo Finance.
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
