Market Overview

UPDATE: JMP Securities Downgrades eBay Inc


eBay Inc (NASDAQ: EBAY) was downgraded by JMP Securities on Wednesday from Market Outperform to Market Perform.

Analysts led by Ronald V. Josey felt the company is fairly valued at $58. The recent announcement of the PayPal spin-off is welcome news and many analysts agree that a spin-off is in eBay’s best interests.

Josey and his team expressed concern that the stock will be range bound until the spin-off is completed in the second half of 2015 and the path forward becomes more clear.

Josey stated, “we continue to believe that eBay’s PayPal will remain the leader in online payments, and that Marketplaces can sustainably grow in line with eCommerce growth rates longer-term, but we are stepping to the sidelines on the shares of eBay given valuation, and until we believe operations within Marketplaces are improving.”

eBay Inc traded at $55.74 early Wednesday.

Latest Ratings for EBAY

Jul 2020JP MorganMaintainsNeutral
Jul 2020UBSMaintainsNeutral
Jul 2020StifelMaintainsBuy

View More Analyst Ratings for EBAY
View the Latest Analyst Ratings


Related Articles (EBAY)

View Comments and Join the Discussion!

Posted-In: JMP Securities Ronald V. JoseyAnalyst Color Downgrades Analyst Ratings

Latest Ratings

CRSCowen & Co.Downgrades
ATICowen & Co.Downgrades
KEYSGoldman SachsUpgrades120.0
OXYJP MorganUpgrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at