Market Overview

UPDATE: Deutsche Bank Initiates Coverage on eBay with Hold Rating, $55 PT

Share:
Related EBAY
The World's First Sneaker Stock Market Just Launched In Detroit
Bob Peck Weighs In On PayPal's Beat, eBay's Drop
eBay: 'Buy It Now' Or 'Bid' Your Way To A Substantial Cash Flow (Seeking Alpha)

In a report published Friday, Deutsche Bank initiated coverage on eBay (NASDAQ: EBAY) with a Hold rating and $55.00 price target.

Deutsche Bank noted, “We think management has performed one of the few turn-arounds in large cap Internet history, and continues to execute as well as any company in our sector. eBay is well positioned in both segments to capture the growing mobile commerce opportunity. On the Marketplaces side, fundamentals remain strong as the company shifts more GMV to top-rated sellers, which is solving legacy trust issues. PayPal is one of the best secular growth stories, and has optionality in its new offline initiatives. At 19x 2013 EPS, the risk/reward is favorable, but has caught up with the improving fundamentals. We would add to positions on any meaningful pullback.”

eBay closed on Thursday at $50.08.

Latest Ratings for EBAY

DateFirmActionFromTo
Jan 2016BenchmarkMaintainsBuy
Jan 2016Cowen & CompanyMaintainsMarket Perform
Jan 2016SunTrust Robinson HumphreyMaintainsNeutral

View More Analyst Ratings for EBAY
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Initiation Analyst Ratings

 

Related Articles (EBAY)

View Comments and Join the Discussion!

Get Benzinga's Newsletters