Market Overview

UPDATE: Canaccord Genuity Reiterates Hold Rating, Lowers PT on eBay

Share:
Related EBAY
Google Shares Slip After Being Fined $2.7 Billion in EU Antitrust Ruling
5 Biggest Price Target Changes For Tuesday

In a report published Wednesday, Canaccord Genuity reiterated its Hold rating on eBay (NASDAQ: EBAY), but lowered its price target from $56.00 to $50.00.

Canaccord Genuity noted, “eBay's impressive turnaround has been rewarded by multiple expansion of ~65% from 11x '13E EPS at the start of 2012 to 19x today, while EPS estimates are up by ~4% over the same period. We believe there is still room for modest earnings upside, but would like to see evidence that our optimistic scenario for next year can materialize to get more constructive on the stock.”

eBay closed on Monday at $51.00.

Latest Ratings for EBAY

DateFirmActionFromTo
Jun 2017Credit SuisseAssumesOutperform
Apr 2017Monness Crespi HardtDowngradesBuyNeutral
Apr 2017ArgusMaintainsBuy

View More Analyst Ratings for EBAY
View the Latest Analyst Ratings

Posted-In: Canaccord GenuityAnalyst Color Price Target Analyst Ratings

 

Related Articles (EBAY)

View Comments and Join the Discussion!