Evercore Partners Raises PT and Estimates on eBay (EBAY); An Increasingly Compelling Investment Proposition
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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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Evercore Partners maintains an 'Equal Weight' on eBay (NASDAQ: EBAY) price target of $44.00 (from $39.00)
Analyst, Ken Sena, said, "Although eBay reported revenues that were in-line and EPS that was just one cent ahead of our $0.55 expectation, the underlying user growth and gross volume trends within its Marketplace business (adjusted for FX) were well ahead of expectation."
Sena raises estimates: 3Q12 EPS increases to $0.56 from $0.54. In addition, we have increased our Marketplaces revenue growth CAGR by 150 bps from 7.3% to 8.8%. However, our overall revenue CAGR of 15% only increased slightly as we modestly tapered our Payments revenue estimates for conservatism.
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 $40.46 yesterday.
Analyst, Ken Sena, said, "Although eBay reported revenues that were in-line and EPS that was just one cent ahead of our $0.55 expectation, the underlying user growth and gross volume trends within its Marketplace business (adjusted for FX) were well ahead of expectation."
Sena raises estimates: 3Q12 EPS increases to $0.56 from $0.54. In addition, we have increased our Marketplaces revenue growth CAGR by 150 bps from 7.3% to 8.8%. However, our overall revenue CAGR of 15% only increased slightly as we modestly tapered our Payments revenue estimates for conservatism.
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 $40.46 yesterday.
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