Wedbush Becomes More Bullish on eBay (EBAY) Following Talks with Management
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 is reiterating its Outperform rating and $48 price target on shares of eBay (NASDAQ: EBAY) following a meeting with PayPal's Mark Lavelle, PayPal's VP Strategy & Business Development and Jennifer Ceran, VP Investor Relations.
The firm notes the meeting left them even more confident as it believes the company's growth strategies are working better than ever. Wedbush believes retailers are frustrated with current payment methods and will be ever so willing to switch to PayPals.
An analyst at PayPal comments, "We believe the Bill Me Later acquisition may add an important direct driver of profit growth. We believe the BML platform will be critical to allowing customers to choose payment types before, during and after a transaction, including with grace periods and installments, which could become a key differentiator for PayPal."
Wedbush is bullish on eBay and PayPal as its forecasts earnings will total $2.34 per share on $13.8 billion in sales for the year, above the consensus of $2.29 and $13.8 billion.
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 $35.74 yesterday.
The firm notes the meeting left them even more confident as it believes the company's growth strategies are working better than ever. Wedbush believes retailers are frustrated with current payment methods and will be ever so willing to switch to PayPals.
An analyst at PayPal comments, "We believe the Bill Me Later acquisition may add an important direct driver of profit growth. We believe the BML platform will be critical to allowing customers to choose payment types before, during and after a transaction, including with grace periods and installments, which could become a key differentiator for PayPal."
Wedbush is bullish on eBay and PayPal as its forecasts earnings will total $2.34 per share on $13.8 billion in sales for the year, above the consensus of $2.29 and $13.8 billion.
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 $35.74 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
- Pro Diversity Network (IPDN) Reports Q2 Loss of $0.15
- UBS Reiterates Buy Rating on NVIDIA (NVDA), Expects Q2 Revenue Beat
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
EarningsSign 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!
