UPDATE: BGC Financial Reiterates Buy Rating, Raises PT on eBay
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
|Jul 2015||Morgan Stanley||Initiates Coverage on||Equal-weight|
|Jul 2015||Raymond James||Downgrades||Outperform||Market Perform|
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