Tigress Financial Partners reiterated its Buy rating on eBay Inc ORCL in a report issued Wednesday.
Analyst Philip Van Deusen noted that "The recent sell-off in EBAY has led to a significant buying opportunity."
"Our model is forecasting 30 percent net operating profit after tax (NOPAT) growth over the next twelve months and we believe the sale of PayPal will allow management to refocus on the Marketplace division and we are confident that their efforts will drive greater economic profit," according to Van Deusen.
The report observed that "sales grew by 13.5 percent Y/Y, while EBITDAR Margin remained flat. Growth was fueled by a 21 percent increase in FX-Neutral y/y Payments revenue growth. NOPAT decreased by 9.3 percent from $2.6 billion to $2.3 billion, however our forecasts call for an increase over the next twelve months, driven by double digit sales growth and a decline in cash operating income tax."
eBay Inc recently traded at $51.38, up 1.03 percent.
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