Jefferies Lifts Numbers on eBay (EBAY) After Strong Q1 Results

Jefferies boosted estimates and its price target on eBay (NASDAQ: EBAY) from $43 to $44 following strong results.

"PayPal's 25%+ organic growth, improving Marketplaces and synergies from GSI remain near-term positives, and key reasons to like the stock. eBay remains our top pick among the large cap Internet names," the firm comments.

Q2 EPS goes to $0.52 to $0.55 and FY12 EPS goes from $2.30 to $2.35. FY13 goes down from $2.66 to $2.64.

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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