On July 17, PayPal rose 3.01% in regular trading, trading at $57.185/share, with turnover of $965 million. The stock continued its upward trajectory driven by ongoing developments in the Stripe-Advent acquisition bid.

On the news front, the $60.50 per share acquisition offer from Stripe and Advent International continues to gain traction. The latest development indicates PayPal has engaged Goldman Sachs and Evercore to evaluate a potential sale. Meanwhile, Bernstein raised its target price from $45 to $55, and Canaccord Genuity also lifted its target from $42 to $55. Notable investor Michael Burry publicly stated the $60.50 offer is far too low, calculating PayPal's intrinsic value at $115 per share.

The acquisition proposal values PayPal at over $53 billion, backed by approximately $50 billion in committed bank financing, with both parties planning to hold equal 50% stakes. The current stock price remains below the $60.50 offer price, with market participants actively weighing the probability of deal completion and potential for a raised bid.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)