UPDATE: Goldman Sachs Reiterates eBay at Buy Ahead of Analyst Day

Goldman Sachs maintained eBay

with a Buy rating and a $63.00 price target. Goldman Sachs analyst Heath P. Terry wrote, "On March 28, eBay will host its biennial analyst day in San Jose. We believe the event will help alleviate investor concerns over slowing growth in the Marketplaces business and margin pressures at PayPal, while anchoring investor expectations on the company's initial guidance for 2015. Given the recent underperformance in the stock and the impact prior analyst days have had, we believe the event will serve as a positive catalyst. Beyond next week, we continue to believe that eBay represents a compelling risk/reward." eBay closed at $51.10 on Tuesday.