Baird Reiterates an 'Outperform' on Liquidity Services (LQDT); Concerns Overblown, Buy The Dip

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Baird reiterates an 'Outperform' on Liquidity Services (NASDAQ: LQDT) price target of $66.00.

Analyst, Colin Sebastian, said, "Concerns over eBay Wholesale (Nasdaq: EBAY) present buying opportunity. Last week, news of a new eBay Wholesale site and insider selling caused a sell-off in shares. However, we believe this reaction is overblown as eBay is unlikely, in our view, to gain traction in the B2B liquidation market. Additionally, further CEO stock sales will require shares to be “significantly above” current levels. With the quarter tracking towards the high end of guidance, we reiterate our rating and price target."

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

Shares of Liquidity Services closed at $56.41 yesterday, with a 52 week range of $19.89-$66.57.

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