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HomeAll newsMost read newsBusiness Leaders Biography 
Birthday : 08/30/1930
Place of birth : Omaha (Omaha) - USA
Biography : Mr. Warren E. Buffett is Chairman & Chief Executive Officer at Berkshire Hathaway Assurance Corp., C
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Paypal seen rising 40 percent from post spinoff lows: Barron's

08/30/2015 | 03:46pm US/Eastern

PayPal Holdings Inc (>> 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.

PayPal Holdings Inc (>> 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 (>> 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)

Stocks treated in this article : eBay Inc, Paypal Holdings Inc
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