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.
