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

March 19, 2013 7:29 AM EDT Send to a Friend
Get Alerts EBAY Hot Sheet
Price: $50.79 --0%

Rating Summary:
    24 Buy, 23 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 23 | New: 13
Trade EBAY Now!
Join SI Premium – FREE
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.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Upgrades

Related Entities

Cantor Fitzgerald

Add Your Comment