eBay (EBAY) Remains CL-Buy at Goldman Ahead of Q4 Results

January 17, 2014 9:23 AM EST Send to a Friend
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Goldman Sachs reiterated a Conviction Buy on eBay (NASDAQ: EBAY) with a price target of $63.00 ahead of the company's Q4 results next Wednesday. Analyst Heath P. Terry expects an in-line quarter despite tough comps.

"We expect revenue of $4.56bn, in line with consensus, when eBay reports 4Q13 results after the close on Wednesday, January 22, on modest deceleration in Marketplaces revenue growth and slight revenue acceleration in payments. While eBay may have benefitted from more consumers shopping online as the result of the shorter holiday season and brick-and-mortar inventory stock-outs in late November, it faced a tough comp in December and likely suffered from longer shipping times for many of its sellers. While forward guidance may reflect a need for additional investment in PayPal, we continue to believe that, at 17x 2014 adjusted EPS estimates, eBay represents a compelling risk/reward," said Terry.

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 $53.74 yesterday.


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