eBay PT Raised to $65.00 (EBAY)
Analysts at Compass Point upped their target price on shares of eBay (NASDAQ:EBAY) from $63.00 to $65.00 in a research report issued to clients and investors on Friday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Compass Point’s price objective indicates a potential upside of 21.68% from the stock’s previous close.
eBay (NASDAQ:EBAY) traded up 1.72% on Friday, hitting $54.34. 2,723,999 shares of the company’s stock traded hands. eBay has a 52-week low of $45.66 and a 52-week high of $58.04. The stock’s 50-day moving average is $53.47 and its 200-day moving average is $53.60. The company has a market cap of $70.345 billion and a price-to-earnings ratio of 26.32. eBay also saw unusually large options trading on Thursday. Stock investors acquired 33,793 call options on the stock. This is an increase of 113% compared to the average volume of 15,897 call options.
eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 17th. The company reported $0.63 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.63. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter last year, the company posted $0.56 earnings per share. eBay’s revenue was up 14.1% compared to the same quarter last year. Analysts expect that eBay will post $2.71 EPS for the current fiscal year.
A number of other firms have also recently commented on EBAY. Analysts at TheStreet reiterated a “buy” rating on shares of eBay in a research note to investors on Monday. Separately, analysts at Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of eBay in a research note to investors on Thursday, September 26th. They now have a $800.00 price target on the stock, up previously from $63.00. Finally, analysts at RBC Capital raised their price target on shares of eBay from $62.00 to $64.00 in a research note to investors on Wednesday, September 25th. They now have an “outperform” rating on the stock. Nine research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $83.57.
eBay Inc is a global technology company that enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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