eBay Now Covered by Analysts at BMO Capital Markets (EBAY)
BMO Capital Markets started coverage on shares of eBay (NASDAQ: EBAY) in a research report sent to investors on Thursday morning. The firm issued an outperform rating and a $64.00 price target on the stock.
“We believe the company benefits from a positive symbiotic relationship between its payments business and its marketplace, which should allow it to continue to experience solid growth. We expect the company’s payments category, led by PayPal, will continue to post meaningful growth for the foreseeable future. In particular, we expect the company to benefit from efforts to broaden the acceptance of PayPal at point-of-sale. We expect the company’s marketplace segment can sustain the strength it has posted over the past few years as it continues to expand its global market.,” BMO Capital Markets’ analyst commented.
A number of other firms have also recently commented on EBAY. Analysts at Wedbush reiterated an outperform rating on shares of eBay in a research note to investors on Monday, February 25th. They now have a $64.00 price target on the stock. Separately, analysts at Zacks reiterated a neutral rating on shares of eBay in a research note to investors on Friday, February 22nd. They now have a $57.00 price target on the stock. Finally, analysts at Morgan Stanley reiterated an overweight rating on shares of eBay in a research note to investors on Friday, February 15th.
Twenty-one investment analysts have rated the stock with a buy rating, five have issued an overweight rating, and thirteen have given a hold rating to the company’s stock. eBay presently has a consensus rating of overweight and a consensus price target of $60.49.
eBay traded down 0.39% on Thursday, hitting $54.685. eBay has a 52-week low of $34.83 and a 52-week high of $57.27. The stock’s 50-day moving average is currently $55.22. The company has a market cap of $70.900 billion and a price-to-earnings ratio of 27.59.
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