Market Overview

UPDATE: Morgan Stanley Raises eBay's PT

Related EBAY
Report Amazon to Launch Credit Card Reader
Short Sellers Stick With These 3 Social Media Stocks
Online Consignment Shops: Here to Stay or Just a Fad? (Fox Business)

According to a research report published this morning, Morgan Stanley has increased eBay's (NASDAQ: EBAY) PT from $45 to $49.

In the report, Morgan Stanley said, "The long-term winners in eCommerce will likely be those that can leverage both a high-traffic destination site with a global fulfillment network. The quest for eCommerce GMV should have multiple winners, Amazon.com ($212.89) and eBay ($40.35) being two of them, in our view. Raising eBay PT to $49 and reiterate our OW rating."

eBay closed Friday at $40.35.

Posted-In: Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

Most Popular

Related Articles (EBAY)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters