Bullish Analysts Pound The Table On eBay: Buy The Dip

A day after eBay Inc EBAY provided a downbeat forecast for the fourth quarter against the earnings beat in the third quarter, analysts are rushing to share their comments. In Thursday's regular trading, the stock was seen consistently down more than 10 percent.

However, most brokerages that hold eBay in their coverage universes are unanimous in reiterating their respective ratings, though some of them have revised price targets up or down. Similarly, most of them are Neutral on the stock. However, the call for a Buy on the dip is louder.

Talking to Benzinga, Benchmark Senior Analyst Dan Kurnos expects eBay to deliver at high end of its guidance in the fourth quarter. He pointed out that StubHub numbers were not only promising but also demonstrated the bright spot of the report.

Related Link: Search Engine Optimization Helping eBay Attract Users

Buy Ratings

The following brokerages retained their Buy ratings:

• Axiom's Victor Anthony advised, "Buy the weakness."
• Citi Research has a price objective of $34.
• Baird advised to take positions on any pullback.
• Goldman Sachs lifted the price tag from $34 to $35.
• Susquehanna advised investors to buy on the dip.
• UBS thinks that accelerated Marketplace unit supported its bull-case scenario.

Neutral Ratings

The following brokerages have reiterated their Neutral/Equal-Weight/Sector Perform rating on eBay:

• Credit Suisse has a price tag of $34.
• Mizuho boosted the price objective from $31 to $32.
• RBC boosted the price target from $31 to $32.
• Wedbush slashed the target price from $34 to $33.

Underweight Rating

The following brokerage has an Underweight rating on eBay:

• Morgan Stanley reiterated an Underweight rating and lifted price target from $24 to $26.

At last check, eBay was down 11.04 percent on the day at $28.92.

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