Market Overview

Piper Jaffray Reiterates Overweight, $50 PT on eBay Ahead of Earnings

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)

Piper Jaffray maintained its Overweight rating and $50 price target on eBay (NASDAQ: EBAY) on expectations that the company will report in-line earnings for its latest quarter.

Piper Jaffray commented, "eBay reports Wednesday (7/18/12) after the close. We expect revenue to be in line with Street numbers of $3.36B. We are expecting a typical conservative eBay to guide 2% below the Street's $3.42B based upon FX and economic conditions and a recent history of conservative guidance. For June's marketplace revenues, we expect upside to our 11% expected U.S. GMV growth, based on eBay ChannelAdvisor growth of 22% in the quarter; however, we are conservative on International GMV, which we expect below our 11% estimate. For PayPal, we are estimating TPV growth of 22% (27% off platform)."

eBay closed at $38.60 on Monday.

Posted-In: Piper JaffrayAnalyst Color Reiteration Intraday Update Analyst Ratings

 

Most Popular

Related Articles (EBAY)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters