PayPal Market Perform Rating at $45 Target Signals Limited Upside, 16% FCF Yield
Bernstein reaffirmed Market Perform on PayPal with a $45 target, citing a 16% free cash flow yield and eroding pricing power. Sharon AI named ex-PayPal VP Benjamin Adams to its board on February 22, tapping his IP and M&A expertise.
1. Bernstein Reaffirms Market Perform Rating
On February 10, Bernstein maintained a Market Perform rating on PayPal with a $45 per share target, highlighting the company’s 16% free cash flow yield and noting its pricing power erosion versus other payment platforms. The firm indicated that a sum-of-the-parts valuation could make potential Braintree and Venmo spin-offs attractive at share prices between $30 and $35.
2. Former PayPal Executive Joins Sharon AI Board
On February 22, Sharon AI appointed Benjamin Adams—formerly Vice President, Chief Commercial and Intellectual Property Counsel at PayPal—to its board of directors. Adams brings deep expertise in technology, regulatory law, intellectual property and mergers and acquisitions, supporting Sharon AI’s strategic growth in AI and cloud GPU infrastructure.