Goldman Sachs Boosts Numbers on eBay (EBAY) Following Q1
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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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Goldman Sachs bumped estimates and its price target on Buy-rated eBay (NASDAQ: EBAY) from $44 to $48 following Q1 results saying there are signs of growth acceleration in both payments and marketplaces.
"With signs of growth acceleration in both payments and marketplaces, the stock is trading at a significant discount to the group and eBay’s growth rate, and with $5 per share in net cash, we continue to believe that eBay represents the best risk/reward in the internet space," the analyst said.
The firm is raising 2Q and FY 2012 non-GAAP EPS estimates based on the strength in both businesses to $0.55 and $2.35 from $0.51 and $2.28. Our 2013/2014 EPS estimates go to $2.73/$3.18 from $2.71/$3.15 on flow-through.
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.
"With signs of growth acceleration in both payments and marketplaces, the stock is trading at a significant discount to the group and eBay’s growth rate, and with $5 per share in net cash, we continue to believe that eBay represents the best risk/reward in the internet space," the analyst said.
The firm is raising 2Q and FY 2012 non-GAAP EPS estimates based on the strength in both businesses to $0.55 and $2.35 from $0.51 and $2.28. Our 2013/2014 EPS estimates go to $2.73/$3.18 from $2.71/$3.15 on flow-through.
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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