UPDATE: Cantor Fitzgerald Upgrades eBay to Buy on Attractive Risk/Reward Post Sell-Off

Cantor Fitzgerald upgraded eBay EBAY from Hold to Buy with a $56.00 price target. Cantor Fitzgerald analyst Youssef Squali noted, "We are upgrading EBAY to BUY from HOLD, as we believe that the stock's risk/reward profile has turned more compelling following a 13% pullback from the multi-year high set back in February. We believe that eBay's fundamentals are strong, with Marketplaces' GMV growing at least in-line with ecommerce; PayPal TPV growing mid-to-high teens; and margins showing modest improvement over the next 2-3 years, even as management continues to invest ahead of growth (point-of-sale, mobile, etc.)." eBay closed at $50.11 on Monday.