Susquehanna International Group Reiterates Positive Rating, $65 PT on eBay Following News of Potential Acquisition of Braintree - eBay (NASDAQ:EBAY)

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In a report published Tuesday, Susquehanna International Group analyst Brian Nowak reiterated a Positive rating and $65.00 price target on

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eBay

(NASDAQ: EBAY).In the report, Susquehanna International Group noted, “We estimate the potential acquisition would bring approximately 5% incremental TPV and revenue to PayPal. The deal would also give PayPal access to Braintree's fast-growing, next generation start-up companies and enhance PayPal's mobile payment portfolio. That said, it also raises questions around the innovation and competitive advantage of PayPal's core products.”eBay closed on Monday at $54.76.