Analyst Awaits News on Elusive Paypal (EBAY) Margin Growth

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Yesterday eBay, Inc. (NASDAQ: EBAY) reported Q4 EPS of $0.70, $0.01 better than the consensus estimate of $0.69 on revenue of $4 billion. Despite the success analysts at Nomura lowered their price target on the stock to $58 to $61, as results fell short of their Street-high $0.73 estimate.

"We maintain our Buy rating, as we believe eBay will still post positive revisions through this investment cycle given the favorable topline trends at the Marketplaces and PayPal," said analyst Brian Nowak. "That said, we are eager for the company's analyst day in March when we expect eBay to lay out long-term (2015E) margin guidance. At that point, we will look for more visibility on the duration of this current investment cycle and timing around when the PayPal margin expansion story will unfold."

Nomura Securities has a Buy rating on eBay.

For an analyst ratings summary and ratings history on eBay click here. For more ratings news on eBay click here.

Shares of eBay closed at $52.90 yesterday, with a 52 week range of $29.89-$54.20.

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