Compass Point Reiterates a 'Buy' on eBay (EBAY); PayPal Continues To Benefit From Expanding Target Market
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Price: $104.13 -0.46%
Rating Summary:
24 Buy, 28 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
24 Buy, 28 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Compass Point reiterates a 'Buy' on eBay (NASDAQ: EBAY) price target of $46.00.
Analyst, Douglas Greiner, said, "Driven by top line strength, this quarter's EPS of $0.55 exceeded our expectations of $0.53 and the $0.52 consensus. We are revising our 2012 EPS estimate to $2.35 ($2.29 previously) and our 2013 estimate to $2.72 ($2.64 previously). Our revised forecast reflects an improved Marketplaces outlook with GMV growth of 6.5% (5.4% previously) through 2013 and a modestly higher Payments margin forecast this year...PayPal continues to benefit from new registered accounts and increasing On eBay penetration. The offline Merchant Services opportunity is a meaningful upcoming catalyst expanding PayPal's target market from $500B to $10T adding in the range of $0.05 to EPS per point of share gained."
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, Douglas Greiner, said, "Driven by top line strength, this quarter's EPS of $0.55 exceeded our expectations of $0.53 and the $0.52 consensus. We are revising our 2012 EPS estimate to $2.35 ($2.29 previously) and our 2013 estimate to $2.72 ($2.64 previously). Our revised forecast reflects an improved Marketplaces outlook with GMV growth of 6.5% (5.4% previously) through 2013 and a modestly higher Payments margin forecast this year...PayPal continues to benefit from new registered accounts and increasing On eBay penetration. The offline Merchant Services opportunity is a meaningful upcoming catalyst expanding PayPal's target market from $500B to $10T adding in the range of $0.05 to EPS per point of share gained."
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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