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UPDATE: BGC Financial Reiterates Buy Rating, Raises PT on eBay

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In a report published Monday, BGC Financial reiterated its Buy rating on eBay (NASDAQ: EBAY), and raised its price target from $52.00 to $65.00.

BGC Financial noted, “The company reports on Wednesday January 16 postmarket. Fourth quarter FY12 guidance given by the company states revenue expected between $3.85B to $4B and EPS of $0.66 to $0.69. The company increased 2012 full year guidance, with revenue expected between $13.95B and $14.1B (+20% to +21%), EPS of $2.32 to $2.35 (+14% to +16%). Our 2012 estimate of revenue at $14.1B is at the higher end of guidance driven by expectations for sustained strength in the U.S., and our EPS of $2.36 is above guidance as we expect the company is able to drive operational efficiencies and manage loss rates at PayPal.”

eBay closed on Friday at $50.14.

Latest Ratings for EBAY

DateFirmActionFromTo
Aug 2015Evercore ISIInitiates Coverage onHold
Jul 2015Morgan StanleyInitiates Coverage onEqual-weight
Jul 2015Raymond JamesDowngradesOutperformMarket Perform

View More Analyst Ratings for EBAY
View the Latest Analyst Ratings

Posted-In: BGC FinancialAnalyst Color Price Target Analyst Ratings

 

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