Wedbush Upgrades eBay (EBAY) to Outperform; Best Play on Mobile Payments? PayPal
Tweet
Share
E-mailGet Alerts EBAY Hot Sheet
Price: $103.14 -1.38%
Rating Summary:
23 Buy, 28 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
23 Buy, 28 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Wedbush upgraded eBay (NASDAQ: EBAY) from Neutral to Outperform, price target raised from $35 to $48.
Wedbush analyst says, "We believe EBAY is the best investment in the growth of mobile payments. We believe PayPal will capitalize on its superior position in mobile payments, extending its 25-30% growth for several years, turning into eBay’s largest business by 2014 and leading to significant multiple expansion."
"Raising 2012 estimates to $2.40 from $2.33 to reflect higher expectations from PayPal. This reflects flat PayPal growth at 27%, up from our previous expectation for a deceleration to 25%."
For more ratings news on eBay click here and for the rating history of eBay click here.
Shares of eBay closed at $32.04 yesterday.
Wedbush analyst says, "We believe EBAY is the best investment in the growth of mobile payments. We believe PayPal will capitalize on its superior position in mobile payments, extending its 25-30% growth for several years, turning into eBay’s largest business by 2014 and leading to significant multiple expansion."
"Raising 2012 estimates to $2.40 from $2.33 to reflect higher expectations from PayPal. This reflects flat PayPal growth at 27%, up from our previous expectation for a deceleration to 25%."
For more ratings news on eBay click here and for the rating history of eBay click here.
Shares of eBay closed at $32.04 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Freedom Broker Upgrades Serve Robotics (SERV) to Buy
- JPMorgan Upgrades FOX Corp. (FOXA) to Overweight
- Kepler Cheuvreux Upgrades Swissquote Group Holding SA (SQN:SW) to Buy
Create E-mail Alert Related Categories
UpgradesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
