PayPal Holdings rejected a $60.50 per share takeover offer from an international consortium, as its board considered the bid undervalued. Despite shares trading below the offer and pre-bid levels, PayPal reported solid Q2 2026 results with $8.68 billion in revenue, a 5% year-over-year increase, and non-GAAP EPS of $1.38, beating estimates by 8%. Free cash flow surged 157% to $1.78 billion, driven by growth in Venmo and buy-now-pay-later services, although branded checkout faces competitive and regional challenges. The company remains attractively valued at about 10 times forward P/E, supporting a Buy rating with a 12-month price target of $68-72.
PayPal's $60.50 per share takeover bid by Stripe and Advent International was withdrawn, but the stock remains undervalued at about 9 times forward earnings. The company shows strong fundamentals with stable free cash flow, share buybacks, and a decl...
Buy now pay later (BNPL) stocks surged together, led by Affirm and Klarna, each rising about 5%, while PayPal increased by 2%. This rally contrasts with the broader financial sector's modest gains, suggesting renewed investor interest in BNPL lenders...
