eBay (EBAY) Numbers Trimmed at BofA/Merrill Lynch; 'Buy' Maintained

eBay (EBAY) CL-Buy Rating Maintained at Goldman Sachs

Goldman Sachs maintained a Conviction Buy on eBay (NASDAQ: EBAY) with a modified price target of $64.00 (from $68.00).

Analyst Heath P. Terry said, "The recent data breach and search algorithm changes continue to impact Marketplaces, forcing the company to recognize significant contra revenue and... More

eBay (EBAY) PT, Estimates Cut at Piper Jaffray Amid Soft Marketplace

Piper Jaffray analyst Gene Munster lowered estimates and his price target on Neutral-rated eBay (NASDAQ: EBAY) to $57.00 (from $62.00) following in-line Q3 results but soft marketplace numbers.

Munster commented, "eBay announced results essentially in line with the Street (revenue of $4.35b vs. consensus of... More

RBC Capital Downgrades eBay (EBAY) to Sector Perform

RBC Capital downgraded eBay (NASDAQ: EBAY) from Outperform to Sector Perform with a price target of $55.00 (from $62.00) following in line Q3 results, and a slightly lower 2014 Top line and EPS outlook.

Analyst Mark Mahaney cited three reasons for the downgrade: "First, the Spin Is Inwhich means that the PayPal Spin catalyst has come and... More

eBay (EBAY) Tops Q3 EPS by 2c; Guides Q4 EPS to Low Side

eBay (NASDAQ: EBAY) reported Q3 EPS of $0.69, $0.02 better than the analyst estimate of $0.67. Revenue for the quarter came in at $4.35 billion versus the consensus estimate of $4.37 billion.

eBay Inc.s enabled commerce volume (ECV) increased 27% in the third quarter to $63 billion. Mobile ECV advanced 67% to $14 billion representing 21% of volume. eBay Inc. mobile downloads since inception exceeded 282 million, attracting 7.3 million new customers in the quarter. Cross-border trade grew 27%, representing $14 billion, or 22%, of total company ECV.

Rapidly changing competitive environments in commerce and payments underscore the opportunities for eBay and PayPal, and highlight... More