Piper Jaffray Leaves eBay Neutral Rating, $30 PT Unchanged (EBAY)

Piper Jaffray left its eBay EBAY Neutral rating and $30 price target unchanged in a research report published today. In the report, Piper Jaffray states, "While we are encouraged by the company's confidence in publicly stating these goals and recent acquisitions made by the Marketplace business, the bottom line is we believe eBay's marketplace business will continue to lose share in FY11 and FY12, inhibiting earnings growth for the overall company. Growth targets outlined for the Payments business were essentially in line with our expectations, though margins higher." Shares of eBay were at $34.47 in after hours trading, down 0.06% from Thursday's market close.