eBay (EBAY) Saw Slight Improvement in Early Holiday Shopping, Baird Says; Checks Suggest Amazon (AMZN) Sales Still Strong

Baird analyst Colin Sebastian noted that its eBay (NASDAQ: EBAY) tracker showed a slight improvement in late November/early December. Meanwhile, third-party Amazon (NASDAQ: AMZN) checks still suggest strong holiday sales.

"Our proprietary survey of eBay Marketplace data for the month of November and early December suggests overall mid-single-digit growth, albeit with some improvement to the high single-digits late in the month and into early December," Sebastian commented. "On a sequential basis, volumes increased by more than 15% from the first two weeks of the month to the last two weeks, almost as fast as the ramp last year." The firm maintained an Outperform rating and $61 price target on EBAY.

On Amazon, the analyst noted, "Our latest checks with multiple Amazon sellers suggest strong holiday volume growth on a year-over-year basis, consistent with feedback from the “Cyber Five” Thanksgiving shopping days. We note there are reports of delivery delays; however, Amazon has suggested it is better prepared to manage significant holiday volumes than last year." The firm maintained an Outperform rating and $340 price target on AMZN.

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 $55.15 yesterday.

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