Market Overview

UPDATE: Nomura Reduces PT to $59 on eBay on Post Q3 Earnings

Share:
Related EBAY
Benzinga's Option Alert Recap From February 17
Facebook's Revenue Growth Rate 50x That Of Twitter
JPMorgan Fund Boosts Retirement Accounts With Hot Stocks (Investor's Business Daily)

Nomura reiterated its Buy rating on eBay (NASDAQ: EBAY) but lowered its price target from $60 to $59.

Nomura commented, "Last night, eBay reported solid 3Q:12 results, showing strength in both of its core businesses. Adjusted EPS of $0.55 beat consensus of $0.54, but was 2 cents shy of our Street-high $0.57. … The 30% two-year stacked growth was the highest in eBay history driven by the most new users added ever (+3.5mn) and more wallet share gains. eBay revised its FY 12 EPS guidance, now expecting $2.32-$2.35 (from $2.28-$2.33). Despite the revisions, we continue to see potential upside to eBay's guidance and Street expectations."

eBay closed at $48.20 on Wednesday.

Latest Ratings for EBAY

DateFirmActionFromTo
Jan 2017Aegis CapitalInitiates Coverage OnBuy
Oct 2016Hilliard LyonsUpgradesLong-Term BuyBuy
Oct 2016WedbushMaintainsNeutralNeutral

View More Analyst Ratings for EBAY
View the Latest Analyst Ratings

Posted-In: NomuraAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (EBAY)

View Comments and Join the Discussion!