Canaccord Genuity Maintains a 'Hold' on eBay (EBAY); Q1 Impressive, But May Be Tough To Improve On
Tweet
Share
E-mailGet Alerts EBAY Hot Sheet
Price: $104.61 --0%
Rating Summary:
24 Buy, 28 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 25
Rating Summary:
24 Buy, 28 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 25
Join SI Premium – FREE
Canaccord Genuity maintains a 'Hold' on eBay (NASDAQ: EBAY) price target raised from $34 to $41.
Analyst, Michael Graham, said, "We believe two primary factors driving upside in 2012 are: 1) dramatic Payments margin expansion (~400 bps) and 2) slow-growth auction format being swamped by faster-growth fixed-price in the Marketplaces mix. We don’t expect either of these to have a similar-magnitude impact on EPS in 2013...While we are more confident than ever in our estimates, we note that several key metrics are at the high end of what management has laid out as probable."
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, Michael Graham, said, "We believe two primary factors driving upside in 2012 are: 1) dramatic Payments margin expansion (~400 bps) and 2) slow-growth auction format being swamped by faster-growth fixed-price in the Marketplaces mix. We don’t expect either of these to have a similar-magnitude impact on EPS in 2013...While we are more confident than ever in our estimates, we note that several key metrics are at the high end of what management has laid out as probable."
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) PT Lowered to $114 at Truist Securities
- MPLX LP (MPLX) PT Raised to $64 at RBC Capital
- Okta, Inc (OKTA) PT Raised to $180 at KeyBanc
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeSign 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!
