eBay (EBAY) Marketplace Trends Accelerate After Slow Start, Baird Notes

Baird analyst Colin Sebastian that April GMW growth accelerated at eBay (NASDAQ: EBAY) post-Easter. The firm maintained an Outperform rating and price target of $65.

Sebastian commented, "Following a slow start to the month (Easter timing related), our proprietary Marketplace survey suggests accelerating merchandise volume growth, with April in the mid-single-digits (est. 5%), above March levels (low-single-digits) and consistent with management commentary that trends are turning more favorable, despite lingering SEO headwinds. While our data suggests Marketplace growth still noticeably lags overall e-commerce (~15%), we note that trends could surprise to the upside as comps ease into 2H15."

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 $58.34 yesterday.

You May Also Be Interested In

• ASM International NV (ASM:NA) PT Raised to EUR720 at Citi
• Hilton Worldwide (HLT) PT Raised to $215 at Baird
• Jet2 plc (JET2:LN) (DRTGF) PT Raised to GBP20 at RBC Capital