NEW YORK (TheStreet) – eBay is set to spin off PayPal into an independent company by the end of the year, which begs the question, just how valuable is PayPal on its own? For Baird Equity Research analyst Colin Sebastian, the answer to that question is obvious — he believes PayPal is undervalued and that untethering it from eBay, which today has a market cap of around $65 billion, will reveal …
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