Wells Fargo Maintains a 'Market Perform' on eBay (EBAY); Fundamentals Mixed, But Guidance OK All Things Considered
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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
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Wells Fargo maintains a 'Market Perform' on eBay (NASDAQ: EBAY) price target range $32-$34 from $33-35.
Wells analyst said, "We are encouraged by Marketplaces innovation, but we see mostly singles and doubles, and third-party frictions complicate the customer experience versus Amazon. Payments has an early lead in key growth markets although this is well appreciated by the Street and we see the potential for competitive disruption."
"...We are revising our FY2012 non GAAP EPS estimate downward slightly from $2.31 to $2.29 (versus guidance of $2.25-2.30), and introducing our Q1 EPS estimate of $0.51 (versus guidance of $0.50-0.51)."
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 $30.34 yesterday.
Wells analyst said, "We are encouraged by Marketplaces innovation, but we see mostly singles and doubles, and third-party frictions complicate the customer experience versus Amazon. Payments has an early lead in key growth markets although this is well appreciated by the Street and we see the potential for competitive disruption."
"...We are revising our FY2012 non GAAP EPS estimate downward slightly from $2.31 to $2.29 (versus guidance of $2.25-2.30), and introducing our Q1 EPS estimate of $0.51 (versus guidance of $0.50-0.51)."
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 $30.34 yesterday.
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