Market Overview

Benchmark Reiterates Buy on eBay as Weak Holiday Outlook Clouds Consistent Fundamental Improvement

Related EBAY
EBay Inc. Shares Trying To Hold On Above Support
EBay Inc Shares Quiet In Early Monday Trading
Tech Rewind: Apple's iPhone 6 Plus Already Sold Out (Fox Business)

In a report published Thursday, Benchmark Company analyst Daniel L. Kurnos reiterated a Buy rating and $63.00 price target on eBay (NASDAQ: EBAY).

In the report, Benchmark Company noted, “eBay (EBAY-Buy, PT $63) reported in-line 3Q results, with outperformance in Marketplaces revenue and incremental operating leverage offsetting a modest shortfall in PayPal revenue. However, guidance once again came in below expectations, driven by domestic macro weakness and caution regarding the holiday period. While we suspect management's near-term forecast may prove conservative, we see no change to the positive, consistent fundamental long-term trends. Therefore, although we acknowledge there could be some risk to the story over the next quarter, we reiterate our 2014 estimates, calling for accelerating growth in both primary business segments, and maintain our Buy rating.”

eBay closed on Wednesday at $53.52.

Latest Ratings for EBAY

DateFirmActionFromTo
Sep 2014Piper JaffrayDowngradesOverweightNeutral
Jul 2014Canaccord GenuityMaintainsBuy
Jul 2014CitigroupMaintainsBuy

View More Analyst Ratings for EBAY
View the Latest Analyst Ratings

Posted-In: Benchmark Company Daniel L. KurnosAnalyst Color Reiteration Analyst Ratings

 

Related Articles (EBAY)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters