Market Overview

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

Related EBAY
U.S. Dollar Makes New High As Money Flows Out Of Commodities
EBay Rises After PayPal Spin Off; Ford Shares Slide
EBay, PayPal Splitting Up: What Changed CEO Donahoe's Mind (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
Oct 2014JP MorganDowngradesOverweightNeutral
Sep 2014Canaccord GenuityDowngradesBuyHold
Sep 2014Piper JaffrayDowngradesOverweightNeutral

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