Why PayPal Shares Are Skyrocketing Higher This Week
Shares of popular digital payments platform, PayPal (NASDAQ: PYPL), soared 23% this week (as of noon ET on Friday) after payments peer Stripe and private equity firm Advent International offered to buy the company for $60.50 per share. After months of speculation that a union between the companies might be in the works, the market finally has a tangible offer price to digest.
However, while shares have soared on the potential deal, it seems to be far from a "lock" to reach the finish line. Reuters reported that PayPal's board -- according to a person familiar with the matter -- believes the deal undervalues the company's long-term potential as it executes upon its turnaround strategy. The company's board is not alone in this thinking.
Image source: The Motley Fool.
Source Fool.com
Paypal Holdings Inc Aktie
Leichte Community-Bevorzugung: Paypal Holdings Inc mit mehr Buy- als Sell-Einschätzungen.
Ein Kursziel von 55 € für Paypal Holdings Inc signalisiert ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 53.09 €.
