Market Overview

UPDATE: Topeka Capital Markets Reiterates Hold Rating, Raises PT on eBay

Share:
Related EBAY
5 Biggest Price Target Changes For Thursday
9 Stocks Highlighted On Thursday's PreMarket Prep
Nike Leads Dow Futures Lower; This Cloud Leader Spikes (Investor's Business Daily)

In a report published Friday, Topeka Capital Markets reiterated its Hold rating on eBay (NASDAQ: EBAY), and raised its price target from $48.00 to $54.00.

Topeka Capital Markets noted, “eBay is scheduled to report 4Q12 earnings results after the close on Jan. 16. 2012. We expect eBay to report revenues and Adjusted EPS slightly above the consensus, owing to strong growth in the key Marketplace segment, where domestic non-vehicles GMV growth is set to accelerate for the fourth consecutive quarter. Payments should also exhibit another solid quarter of above 20% revenue growth. Raising our SOTP price target to $54 from $48 on higher target multiples due to the faster growth in Marketplaces.”

eBay closed on Thursday at $53.00.

Latest Ratings for EBAY

DateFirmActionFromTo
Oct 2017BMO CapitalMaintainsMarket Perform
Sep 2017Wells FargoReinstatesOutperform
Sep 2017DA DavidsonInitiates Coverage OnBuy

View More Analyst Ratings for EBAY
View the Latest Analyst Ratings

Posted-In: Topeka Capital MarketsAnalyst Color Price Target Analyst Ratings

 

Related Articles (EBAY)

View Comments and Join the Discussion!
Loading...

Partner Center

Loading...