Wedbush Cuts Price Target on eBay (EBAY) Following 3Q Beat

October 20, 2016 7:46 AM EDT
Get Alerts EBAY Hot Sheet
Price: $28.91 +2.48%

Rating Summary:
    27 Buy, 25 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 31 | New: 25
Trade EBAY Now!
Join SI Premium – FREE

Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.

Wedbush maintained a Neutral rating on eBay (NASDAQ: EBAY), and cut the price target to $33.00 (from $34.00), following the company's 3Q earnings report. Revenue of $2.22b grew 8% YoY FXN and topped consensus of $2.19 billion and the guidance range of $2.16-2.19b. Non-GAAP EPS of $0.45 beat consensus by a penny.

Analyst Aaron Turner commented, "We believe EBAY will continue to benefit from the secular growth of ecommerce as initiatives such as site/mobile improvements and structured data help slow the rate of market share erosion."

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 $32.52 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Earnings

Add Your Comment