Baird Buttering Up eBay's (EBAY) Roll; Mobile Mojo

Baird reiterates an 'Outperform' on eBay (NASDAQ: EBAY) price target of $47.00 (from $45.00).

Analyst, Sebastian Colin, said, "Raising price target to $47 on Marketplace and Mobile Mojo. Consistent with our intra-quarter checks, eBay reported solid upside in the core Marketplace, as well as solid results at PayPal, despite the current macro weakness in Europe. eBay also remains an early leader in Mobile commerce and payments, while some other companies struggle to gain a foothold. We believe that solid Q2 results provide continuing support to our positive thesis, and reiterate our rating." (Fy12 EPS estimate slightly raised from $2.34 to $2.35)

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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