eBay (EBAY): Checks Show Strong October - Baird

November 10, 2016 6:57 AM EST
Get Alerts EBAY Hot Sheet
Price: $30.64 -0.26%

Rating Summary:
    28 Buy, 25 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Baird analyst, Colin Sebastian, reiterated his Outperform rating on shares of eBay (NASDAQ: EBAY) after the analyst's proprietary eBay tracker showed a good month in October. The tracking of roughly 10% of eBay.com GMV suggests mid/high-single-digits growth Y/Y, in-line to slightly above September levels.

The tracker tends to report growth rates higher than eBay's numbers but directional trends are correlated. While this is an interesting datapoint, the analyst points out that October was largely factored into company's guidance, and 70%+ of Q4 will occur in Nov/Dec.

No change to the PT of $35.

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 $28.29 yesterday.

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Robert W Baird

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