Benchmark Upgrades eBay (EBAY) to Buy; Recovery in Marketplace
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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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Benchmark upgraded eBay (NASDAQ: EBAY) from Hold to Buy, price target raised from $37 to $45.
Analyst, Clayton F. Moran, said, "We highlight the following three reasons: 1) we believe the recovery in Marketplaces GMV witnessed in 1Q12 is sustainable; 2) payments trends are improving, including accelerating growth in number of payments, rising penetration rates and stronger margins; 3) we suspect guidance may prove conservative, and think the market opportunity for PayPal is understated given the potential for a meaningful increase in merchant and consumer adoption rates and limited expectations for PayPal’s point-of-sale (POS) and PayPal Here initiatives."
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 $35.87 yesterday.
Analyst, Clayton F. Moran, said, "We highlight the following three reasons: 1) we believe the recovery in Marketplaces GMV witnessed in 1Q12 is sustainable; 2) payments trends are improving, including accelerating growth in number of payments, rising penetration rates and stronger margins; 3) we suspect guidance may prove conservative, and think the market opportunity for PayPal is understated given the potential for a meaningful increase in merchant and consumer adoption rates and limited expectations for PayPal’s point-of-sale (POS) and PayPal Here initiatives."
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 $35.87 yesterday.
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