eBay's (EBAY) Spin of PayPal 'Makes Sense'; Cowen Offers Initial Commentary

eBay (EBAY) Hold Rating Maintained at Deutsche Bank

Deutsche Bank maintained a Hold rating on eBay (NASDAQ: EBAY) with a modified price target of $57 (from $55). Earlier eBay said it plans to spinoff PayPay. Analyst Ross Sandler thinks some value as already been realized.

"Having witnessed many Internet spins, our preferred playbook around whether investors should get involved post-announcement involves: 1) unlocking value by isolating hidden assets (think IACI in 2008), 2)... More

RBC Capital Positive on eBay (EBAY) PayPal Spin-Off

RBC Capital analyst Mark Mahaney weighed in on eBay (NASDAQ: EBAY) amid news the company will spin-off PayPal, after initially resisting the move. Mahaney views the news as a positive for the stock.

Mahaney cited six keys: 1) Not terribly surprising given... More

eBay (EBAY) Plan to Spin-Off PayPal to Unlock Value - Baird

Baird analyst Colin Sebastian weighed in on eBay (NASDAQ: EBAY) after the company announced plans to spin-off PayPal.

"While not without risks (i.e., Marketplace subsidization of overhead costs, customer acquisition, network effects) we believe a separate Payments platform provides better operational transparency for investors, as well as a distinguishable growth strategy... More

Carl Icahn 'Happy' With eBay (EBAY) PayPal Spin-Off News

Carl Icahn said he is "happy" about eBay (NASDAQ: EBAY) plans to spin-off PayPal.

Below is a statement from Mr. Icahn regarding this morning's announcement by eBay Inc. of its plan to separate the companys eBay and PayPal businesses into independent publicly traded companies:

We are happy that eBays board... More

eBay (EBAY) PT Bumped to $57 at Susquehanna on PayPal Spin

Susquehanna analyst Brian Nowak bumped his price target on eBay (NASDAQ: EBAY) to $57.00 (from $52.00) following the PayPal spin-off news but maintained a Neutral rating.

"This marks a notable change from eBay's recurring tone this year that the assets are "better... More

eBay (EBAY) SOTP Up to $88.74/Share Amid PayPal Spin-Off - SunTrust Robinson Humphrey

Amid today's news from eBay (NASDAQ: EBAY) that it will spin-off PayPayl, SunTrust Robinson Humphrey analyst Robert Peck pointed clients to work they did in March on the topic, which suggested a SOTP price of $55.72-$88.74/share.

eBay (EBAY) Taps AmEx's (AXP) Schulman to Lead PayPal Following Spinoff

eBay (NASDAQ: EBAY) announced Dan Schulman is joining the company as the new President of PayPal, effective immediately. Schulman will become Chief Executive Officer of PayPal following the planned separation of the business into an independent, publicly traded company in the second half of 2015, which also was announced by eBay Inc. today.

The company announced separately today that its board of directors, following a strategic review, has approved a plan to separate eBay and PayPal into independent, publicly traded companies. The separation is expected to be completed in the second half of 2015.... More

eBay (EBAY) to Spin PayPal into Separate, Publicly-Traded Company

eBay (NASDAQ: EBAY) said its Board of Directors, following a strategic review of the companys growth strategies and structure, has approved a plan to separate the companys eBay and PayPal businesses into independent publicly traded companies in 2015, subject to customary conditions. Creating two standalone businesses best positions eBay and PayPal to capitalize on their respective growth opportunities in the rapidly changing global commerce and payments landscape, and is the best path for creating sustainable shareholder value, the company said.

eBay and PayPal are two great businesses with leading global positions in commerce... More