Baird reiterates a 'Outperform' on eBay (EBAY); Raising PT & Estimates on Solid Quarter
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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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Baird reiterates a 'Outperform' on eBay (NASDAQ: EBAY) price target raised from $40 to $45.
Analyst, Colin Sebastian, said, "Positive thesis continues to play out. Consistent with our positive intra-quarter Marketplace tracker and field checks, eBay reported solid upside in both the Marketplace and PayPal. Marketplace GMV growth accelerated despite tougher year-over-year comps, as did Payment volumes. Profit margins were also better than expected. As such, Q1 is supportive of our positive thesis of eBay reaching an equilibrium point in market share, and driving more consistent growth."
Baird raises FY12 EPS estimate from $2.30 to $2.34 and FY13 from $2.65 to $2.71.
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, Colin Sebastian, said, "Positive thesis continues to play out. Consistent with our positive intra-quarter Marketplace tracker and field checks, eBay reported solid upside in both the Marketplace and PayPal. Marketplace GMV growth accelerated despite tougher year-over-year comps, as did Payment volumes. Profit margins were also better than expected. As such, Q1 is supportive of our positive thesis of eBay reaching an equilibrium point in market share, and driving more consistent growth."
Baird raises FY12 EPS estimate from $2.30 to $2.34 and FY13 from $2.65 to $2.71.
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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