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Morgan Stanley Sees Good Upside Potential for eBay

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In a report published Thursday, Morgan Stanley analyst Scott Devitt reiterated an Equal-Weight rating on eBay (NASDAQ: EBAY).

In the report, Morgan Stanley noted, “CFO Bob Swan spoke at the Morgan Stanley 2014. Mr. Swan reiterated that ebay's ownership of PayPal does not constrain PayPal's growth as the marketplace allows PayPal to innovate new products and build adoption (e.g., mobile checkout, cross-border trade, and BillMeLater). The marketplace also provides valuable data that allows PayPal to reduce fraud and increase buyer trust in digital commerce platforms.

"Going forward, ebay strongly believes that the convergence of online and offline retail through mobile will also blur the line between shopping and payments as consumers and retailers seek personalized and frictionless shopping experiences, which should give the combined ebay/PayPal entity a bigger opportunity to grow together than each could achieve on their own.”

eBay closed on Wednesday at $58.86.

Latest Ratings for EBAY

DateFirmActionFromTo
Aug 2016Hilliard LyonsInitiates Coverage onLong-term Buy
Jul 2016Deutsche BankMaintainsHold
Jul 2016Cantor FitzgeraldMaintainsHold

View More Analyst Ratings for EBAY
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Scott DevittAnalyst Color Reiteration Analyst Ratings

 

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