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Paypal Seen Rising 40 Percent From Post Spinoff Lows: Barron's


Ron Burgundy
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The PayPal logo is seen during an event at Terra Gallery in San FranciscoNEW YORK (Reuters) - PayPal Holdings Inc , the e-commerce group trading sharply off its recent offering price, could rise 40 percent to $46 a share if it succeeds with investments tied to payments systems innovation, the Aug. 31 edition of Barron's said. Spun off in July by auctioneer eBay Inc , PayPal is now clear to do deals with big vendors like Staples and move into back office operations and other services, according to Barron's. PayPal shares last week traded at $34.60, or over $4 less than its offering price in July, Barron's said. ...




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