Market Overview

UPDATE: Stifel Lowers PT on eBay Following Solid 3Q Results, Weak 4Q Guidance

Related EBAY
Baird: Lack Of Peak Day Data From Amazon A Concern
The Top 15 Billionaires To Follow On Twitter
Energy Sector Seen as Biggest Risk to Deal Flow in 2015 (Fox Business)

In a report published Thursday, Stifel analyst Jordan Rohan reiterated a Buy rating on eBay (NASDAQ: EBAY), but lowered the price target from $65.00 to $63.00.

In the report, Stifel noted, “eBay's 3Q results were solid in our view, with in-line revenues with solid expense control. But the company cited weak US macro conditions as it tempered expectations for 4Q and the holiday season. Over the next couple weeks, we will find out if the weakness is more macro-driven or company-specific. We suspect a combination of both. The mobile and omni-channel growth story remains, but investors may wait for signs of re-acceleration before adding to positions, all else being equal. Our target price has fallen from $65 to $63 based on a 1.5% reduction in 2014 EPS.”

eBay closed on Wednesday at $53.52.

Latest Ratings for EBAY

DateFirmActionFromTo
Dec 2014Stifel NicolausUpgradesHoldBuy
Nov 2014Evercore ISIDowngradesHoldSell
Oct 2014Morgan StanleyInitiates Coverage onUnderweight

View More Analyst Ratings for EBAY
View the Latest Analyst Ratings

Posted-In: Jordan Rohan StifelAnalyst Color Price Target Analyst Ratings

 

Related Articles (EBAY)

Around the Web, We're Loving...

Get Benzinga's Newsletters