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Topeka Cuts Price Target On eBay

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In a note issued Tuesday morning, Topeka Capital Markets analyst Victor Anthony slashed his price target for eBay (NASDAQ: EBAY) from $60 to $54, but maintained a Hold rating.

As reasons for the cut, Anthony noted an "increasingly challenging" road ahead for PayPal, eBay's data breach and the negative impact from the Panda 4.0 update. Based on these items, he has reduced his Marketplace estimates.

Following the release of the note, shares of eBay have dropped close to one percent in the pre-market.

Latest Ratings for EBAY

DateFirmActionFromTo
Sep 2017DA DavidsonInitiates Coverage OnBuy
Aug 2017SunTrust Robinson HumphreyInitiates Coverage OnHold
Aug 2017MizuhoReinstatesUnderweight

View More Analyst Ratings for EBAY
View the Latest Analyst Ratings

Posted-In: Topeka Capital Markets Victor AnthonyAnalyst Color News Price Target Analyst Ratings

 

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