Cantor Fitzgerald Remains Bullish on eBay (EBAY) Following PayPal Roadshow

Cantor Fitzgerald reiterates a Buy rating and $68.00 price target on eBay (NASDAQ: EBAY) following PayPal roadshow. Analyst Youssef Squali likes PayPal's growth aspects as outlined by new management.

Squali commented, "At its roadshow event in New York yesterday, PayPal’s leadership provided a top-level overview of the business, the addressable opportunity, how management is planning on tackling it, and the growth outlook over the near- and medium-term. Overall, we like PayPal’s growth prospects as outlined by the new management, its market-leading position and rapid digitization of payments. We're maintaining a positive bias ahead of the upcoming spinoff of PayPal to reflect: a) an attractive SOP, b) potential for a pickup in Marketplaces growth, and c) strategic optionality (i.e. take-out, take private, etc.) for either/both businesses post-split."

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 $60.47 yesterday.

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