Analysts’ Weekly Ratings Changes for eBay (EBAY)
eBay (NASDAQ: EBAY) was the recipient of a ratings changes during the seven days:
- eBay had its “outperform” rating reaffirmed by analysts at RBC Capital. They now have a $57.00 price target on the stock.
- eBay was downgraded by analysts at Compass Point from a “buy” rating to a “neutral” rating. They now have a $46.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
- eBay had its “buy” rating reaffirmed by analysts at Janney Montgomery Scott. They now have a $58.00 price target on the stock.
- eBay had its price target raised by analysts at Benchmark Co. from $50.00 to $58.00. They now have a “buy” rating on the stock. They wrote, “We believe eBay stands well positioned to capitalize on near-term opportunities across its ecommerce platform and longerterm opportunities within the Payments segment. We expect the Marketplaces improvements witnessed over the past few quarters will continue through the balance of the year, as evidenced by ongoing y/y increases in site traffic, and aided by the recent launches of several new mobile devices. We also maintain our view that there could still be meaningful upside to the 2013 outlook depending on thepace of the point-of-sale (PoS) rollout, expanded merchant adoption of PayPal and increased consumer adoption of Bill Me Later.”
- eBay had its “buy” rating reaffirmed by analysts at Benchmark Company. They now have a $58.00 price target on the stock.
- eBay is now covered by analysts at Cantor Fitzgerald. They set a “hold” rating and a $48.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
- eBay is now covered by analysts at Deutsche Bank. They set a “hold” rating and a $55.00 price target on the stock. They wrote, “We think management has performed one of the few turn-arounds in large cap Internet history, and continues to execute as well as any company in our sector. eBay is well positioned in both segments to capture the growing mobile commerce opportunity. On the Marketplaces side, fundamentals remain strong as the company shifts more GMV to top-rated sellers, which is solving legacy trust issues. PayPal is one of the best secular growth stories, and has optionality in its new offline initiatives. At 19x 2013 EPS, the risk/reward is favorable, but has caught up with the improving fundamentals. We would add to positions on any meaningful pullback.”
- eBay had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $53.00 price target on the stock. Zacks‘ analyst wrote, “eBay is one of the largest online retailers in the world today. The company’s second quarter earnings were ahead of the Zacks Consensus and guidance for the third quarter was strong. Turnaround in the Marketplaces segment, a focus on buying experience, momentum in the Payments segment, recent agreement with Discover, opportunities in the fast-growing mobile space, international expansion and a strong balance sheet are the current positives of eBay’s business. However, the company continues to lag its top competitor Amazon and competition in online retail is only likely to get more intense. We are therefore, reiterating our Neutral rating. “
eBay, Inc. opened at 48.03 on Wednesday. eBay, Inc. has a 1-year low of $27.41 and a 1-year high of $50.65. The company has a market cap of $61.895 billion and a price-to-earnings ratio of 16.89.
eBay Inc. (eBay) is a global commerce platform. The Company enables commerce through three reportable segments: Marketplaces, Payments and GSI Commerce (GSI).