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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 , 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. (Reporting By Michael Connor in New York; Editing by Marguerita Choy)