Market Overview

UPDATE: Canaccord Genuity Reiterates Hold Rating, Lowers PT on eBay

Related EBAY
Mixed eBay Earnings Put These ETFs in Focus - ETF News And Commentary
7 Analysts Split On eBay's Q2 And Outlook
Tech Rewind: Tech Earnings, Job Cuts at Microsoft (Fox Business)

In a report published Wednesday, Canaccord Genuity reiterated its Hold rating on eBay (NASDAQ: EBAY), but lowered its price target from $56.00 to $50.00.

Canaccord Genuity noted, “eBay's impressive turnaround has been rewarded by multiple expansion of ~65% from 11x '13E EPS at the start of 2012 to 19x today, while EPS estimates are up by ~4% over the same period. We believe there is still room for modest earnings upside, but would like to see evidence that our optimistic scenario for next year can materialize to get more constructive on the stock.”

eBay closed on Monday at $51.00.

Posted-In: Canaccord GenuityAnalyst Color Price Target Analyst Ratings

 

Most Popular

Related Articles (EBAY)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free