Cantor Fitzgerald Upgrades eBay (EBAY) to Buy; Attractive Risk/Reward after Pullback

March 19, 2013 7:29 AM EDT
Get Alerts EBAY Hot Sheet
Price: $28.85 -0.52%

Rating Summary:
    25 Buy, 27 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 1 | Down: 0 | New: 0
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Cantor Fitzgerald upgraded eBay (NASDAQ: EBAY) from Hold to Buy with a price target of $56.00 saying the risk/reward is attractive following a 13% pullback from the multi-year high set back in February.

"We believe that eBay's fundamentals are strong, with Marketplaces' GMV growing at least in-line with ecommerce; PayPal TPV growing mid-to-high teens; and margins showing modest improvement over the next 2-3 years, even as management continues to invest ahead of growth (point-of-sale, mobile, etc.)," analyst Youssef Squali said.

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 $50.11 yesterday.

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