eBay PT Lowered to $67.00 (EBAY)
Analysts at Cantor Fitzgerald dropped their target price on shares of eBay (NASDAQ:EBAY) from $68.00 to $67.00 in a research report issued to clients and investors on Friday, AnalystRatings.Net reports. Cantor Fitzgerald’s price objective would indicate a potential upside of 24.67% from the stock’s previous close.
Shares of eBay (NASDAQ:EBAY) traded up 0.04% on Friday, hitting $53.76. 9,502,600 shares of the company’s stock traded hands. eBay has a 1-year low of $48.06 and a 1-year high of $58.04. The stock’s 50-day moving average is $52.79 and its 200-day moving average is $52.93. The company has a market cap of $69.598 billion and a price-to-earnings ratio of 25.59. eBay also was the recipient of unusually large options trading activity on Tuesday. Stock traders purchased 84,200 call options on the stock. This represents an increase of approximately 189% compared to the typical volume of 29,185 call options.
EBAY has been the subject of a number of other recent research reports. Analysts at SunTrust reiterated a “buy” rating on shares of eBay in a research note to investors on Thursday. They now have a $61.00 price target on the stock. Separately, analysts at Pacific Crest cut their price target on shares of eBay from $62.00 to $60.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at FBN Securities initiated coverage on shares of eBay in a research note to investors on Tuesday. They set a “sector perform” rating on the stock. Nine analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $61.76.
eBay Inc is a global technology company that enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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