eBay (EBAY) Marketplace Tracking In-Line, Baird Says

Baird analyst Colin Sebastian noted their eBay (NASDAQ: EBAY) for February reflects another tough comp. Marketplace growth was relatively slow, but steady.

"Our proprietary Marketplace survey shows ongoing mid-single-digit growth vs. last year, consistent with Q4 trends, although a slight deceleration from January growth," Sebastian commented. "Overall, we believe our data suggests eBay is tracking at least in line with consensus Marketplace expectations, although we see potential for upside if transaction volumes remain steady through March."

The firm maintained an Outperform rating and price target of $65.00.

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 $59.87 yesterday.

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