Citigroup Raises EBAY Target To $33, Reiterates Hold Rating

Citigroup is raising its PT on eBay Inc.

to $33 from $31 and is reiterating its Hold rating. “$2.50B Revenue & Non-GAAP EPS of $0.52 came in ahead vs. Citi/Street at $2.43B/$2.48B and $0.46/$0.47. 1X items boosted EPS by $0.02, however. eBay 2011 guide modestly above the Street. Midpoint Rev of $10.45B vs. the Street at $10.18B (with acquisitions adding $140MMish) and Midpoint EPS of $1.93 vs. the Street at $1.86 (with lower tax rate adding $0.06ish),” Citigroup writes. eBay Inc. closed Wednesday at $29.10.