UBS reiterates a 'Buy' on eBay (EBAY); Raising Numbers on Beat and Raise
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Price: $101.03 -2.05%
Rating Summary:
23 Buy, 28 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
Rating Summary:
23 Buy, 28 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
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UBS reiterates a 'Buy' on eBay (NASDAQ: EBAY) price target raised from $45 to $47.
Analyst, Brian Pitz, said, "EBAY reported another solid qtr with net rev of $3.28B (up 29% Y/Y), above Street’s $3.15B, and Op EPS of $0.55, above Street’s $0.52. During the qtr, EBAY repurchased ~7MM shares for $240MM. PayPal rev grew +32% Y/Y to $1.31B vs. Street’s $1.23B and added more than 1MM users/mo through Q1." (UBS raises FY12 EPS estimate from $2.32 to $2.37 and FY13 from $2.72 to $2.76)
"The company saw 12MM downloads of eBay mobile apps in 1Q, taking the total to 78MM since the launch of eBay Mobile, and the launch of point-of-sale solutions for both large merchants such as Home Depot (NYSE: HD) and SMBs (PayPal Here)."
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, Brian Pitz, said, "EBAY reported another solid qtr with net rev of $3.28B (up 29% Y/Y), above Street’s $3.15B, and Op EPS of $0.55, above Street’s $0.52. During the qtr, EBAY repurchased ~7MM shares for $240MM. PayPal rev grew +32% Y/Y to $1.31B vs. Street’s $1.23B and added more than 1MM users/mo through Q1." (UBS raises FY12 EPS estimate from $2.32 to $2.37 and FY13 from $2.72 to $2.76)
"The company saw 12MM downloads of eBay mobile apps in 1Q, taking the total to 78MM since the launch of eBay Mobile, and the launch of point-of-sale solutions for both large merchants such as Home Depot (NYSE: HD) and SMBs (PayPal Here)."
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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