Google to Acquire eBay? Baird Sees 'Home Run' Opportunity
eBay (NASDAQ: EBAY) is in the news again, and not because of Carl Icahn or Marc Andreessen.
This time Colin Sebastian, analyst at Baird, points out potential accretive benefits of a deal between eBay and Google (NASDAQ: GOOG) in the range of 40 to 50 percent.
Sebastian believes a eBay/Google deal would be a better strategic alternative to Icahn's proposed PayPal spinoff.
Google could secure a leadership position in commerce and payments by purchasing eBay, said Sebastian.
Baird has an Outperform rating on both eBay and Google with $65 and $1350 price targets respectively.
Shares of eBay are up 0.78 percent to $57.20 while shares of Google are 1.3 percent to $1189 in Monday's trading.
Latest Ratings for EBAY
|Sep 2015||Cantor Fitzgerald||Downgrades||Buy||Hold|
|Sep 2015||Piper Jaffray||Upgrades||Underperform||Neutral|
|Aug 2015||Evercore ISI||Initiates Coverage on||Hold|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.