August 30, 2015 / 7:46 PM / 5 years ago

Paypal seen rising 40 percent from post spinoff lows: Barron's

The PayPal logo is seen during an event at Terra Gallery in San Francisco, California May 21, 2015. REUTERS/Robert Galbraith/Files

NEW YORK (Reuters) - PayPal Holdings Inc (PYPL.O), 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 (EBAY.O), 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.

Reporting By Michael Connor in New York; Editing by Marguerita Choy

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