PayPal Holdings NASDAQ:PYPL rose 2.76% intraday after Cantor Fitzgerald said a buyout offer for the company could be worth about $70 a share, above the reported $60.50 bid from a group including Stripe, Block, and Advent International. Cantor said it has no independent confirmation of the reported terms but modeled whether that price is enough to close a deal.
Analyst Ramsey El-Assal broke PayPal into its main units, including Venmo, its branded checkout business, and the Braintree unbranded processing arm, then valued each against peer multiples. That sum-of-the-parts work implied a figure closer to $70 a share might better reflect the company's intrinsic value, suggesting room above the current bid.
Cantor also flagged knock-on effects across the payments industry if a deal goes through. PayPal leans on processing partners such as Fiserv and Global Payments, both rivals to Stripe, while Synchrony issues the PayPal Mastercard and The Bancorp handles PayPal and Venmo debit cards. A Stripe-led takeover would fold PayPal's volume into a competitor of those firms, a shift Cantor said could ripple through the sector.