PayPal raises 2026 profit forecast as turnaround plan accelerates

PayPal doubled down on its turnaround ​plan earlier this week, raising its 2026 profit forecast and outlining cost-saving steps, as it looks to convince investors that it ‌is worth more than the $53 billion takeover offer that analysts described as “low-ball”.

The payments company, once the crown jewel of American financial technology, received a $60.50-per-share bid from Stripe and private equity firm Advent International, Reuters reported earlier this month, citing sources....