Market Overview

UPDATE: Nomura Reduces PT to $59 on eBay on Post Q3 Earnings

Related EBAY
Mixed Economic Data, Ebola Scares Rattle Markets
Cisco Systems, Inc. Could Unlock 50% Upside By Following eBay Inc Model
EBay, PayPal Splitting Up: What Changed CEO Donahoe's Mind (Fox Business)

Nomura reiterated its Buy rating on eBay (NASDAQ: EBAY) but lowered its price target from $60 to $59.

Nomura commented, "Last night, eBay reported solid 3Q:12 results, showing strength in both of its core businesses. Adjusted EPS of $0.55 beat consensus of $0.54, but was 2 cents shy of our Street-high $0.57. … The 30% two-year stacked growth was the highest in eBay history driven by the most new users added ever (+3.5mn) and more wallet share gains. eBay revised its FY 12 EPS guidance, now expecting $2.32-$2.35 (from $2.28-$2.33). Despite the revisions, we continue to see potential upside to eBay's guidance and Street expectations."

eBay closed at $48.20 on Wednesday.

Latest Ratings for EBAY

DateFirmActionFromTo
Oct 2014Goldman SachsMaintainsBuy
Oct 2014JP MorganDowngradesOverweightNeutral
Oct 2014JefferiesDowngradesBuyNeutral

View More Analyst Ratings for EBAY
View the Latest Analyst Ratings

Posted-In: NomuraAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (EBAY)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters