Wells Fargo Maintains a 'Market Perform' on eBay (EBAY); Fundamentals Mixed, But Guidance OK All Things Considered
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Price: $54.55 +0.13%
Rating Summary:
34 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
34 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade EBAY Now!
Wells Fargo maintains a 'Market Perform' on eBay (NASDAQ: EBAY) price target range $32-$34 from $33-35.
Wells analyst said, "We are encouraged by Marketplaces innovation, but we see mostly singles and doubles, and third-party frictions complicate the customer experience versus Amazon. Payments has an early lead in key growth markets although this is well appreciated by the Street and we see the potential for competitive disruption."
"...We are revising our FY2012 non GAAP EPS estimate downward slightly from $2.31 to $2.29 (versus guidance of $2.25-2.30), and introducing our Q1 EPS estimate of $0.51 (versus guidance of $0.50-0.51)."
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 $30.34 yesterday, with a 52 week range of $26.86-$35.35.
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Wells analyst said, "We are encouraged by Marketplaces innovation, but we see mostly singles and doubles, and third-party frictions complicate the customer experience versus Amazon. Payments has an early lead in key growth markets although this is well appreciated by the Street and we see the potential for competitive disruption."
"...We are revising our FY2012 non GAAP EPS estimate downward slightly from $2.31 to $2.29 (versus guidance of $2.25-2.30), and introducing our Q1 EPS estimate of $0.51 (versus guidance of $0.50-0.51)."
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 $30.34 yesterday, with a 52 week range of $26.86-$35.35.
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eBay / Wells Fargo
Philip Cohen on Mar 1, 2012 11:38 PMMark as Spam | Reply to this comment
Wells Fargo are unlikely to be “discouraged” by eBay seeing as Wells Fargo profits from being the provider of merchant account services for the clunky PreyPal. Funny, I don’t see any disclosure to that effect …
I'm at a loss to understand why the banks/Visa/MasterCard (or Amex) aren't beating a path to eBay's door to form an alliance with the world’s most creative of all payments processors, eBay's PayPal, who "is driving mobile commerce innovation, partnering with carriers and merchants to build a new retail ecosystem that drives growth by delivering anytime, anywhere value and rich multichannel shopping experiences for consumers." Or at least so says eBay's delusional chief headless turkey, "Not For Commerce" John Donahoe ...
"When Do We Start Calling eBay A Payments Company?"
A tale of two clunky, unscrupulous, unprofessional commercial entities: eBay and PayPal
http://bit.ly/wpl5DT
eBay / PayPal / Donahoe: Dead Men Walking