Loeb's Third Point Takes PayPal Stake, Sees Stock Rising to $125 - Yahoo! Finance -BoardProspects

Loeb's Third Point Takes PayPal Stake, Sees Stock Rising to $125

Yahoo! Finance Jul 23 2018 BoardNews

Dan Loeb’s Third Point has taken a stake in PayPal Holdings Inc. in a vote of confidence for the payments processor as it faces increasing competition from the likes of Amazon.com Inc. The New York-based hedge fund said Paypal stock could reach $125 per share within 18 months on above-consensus earnings, according to an investor letter obtained by Bloomberg...
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1. We see parallels between PayPal and other best‐in‐class internet platforms like Netflix and Amazon: High and rising market share, untapped pricing power, and significant margin expansion potential.
Topics Mentioned
- Europe
- Bloomberg
- Amazon
- Carl Icahn
- Netflix
- Hedge Fund
- Luba Greenwood
- Walmart
- PayPal
- Square
- Dan Loeb
- Third Point
- Papa John's
- stake
- Founder