David Einhorn Invests $61.5M in PayPal as Outlook Improves
David Einhorn’s $61.5 million stake highlights renewed optimism for PayPal after a difficult stretch. Adjusted EPS of $1.38 beat the $1.28 consensus, and management raised the full-year outlook, projecting 2026 non-GAAP EPS of $5.38 and at least $6 billion in adjusted free cash flow. Even so, the stock remains far below its 2021 peak and is down about 9% over the past year.