eBay Rating Reiterated by Zacks (EBAY)
eBay (NASDAQ:EBAY)‘s stock had its “neutral” rating restated by Zacks in a research note issued on Tuesday. They currently have a $57.00 target price on the stock. Zacks‘s target price points to a potential upside of 5.79% from the stock’s previous close.
Zacks’ analyst wrote, “eBay is one of the largest online retailers in the world. The company’s profits increased post second quarter earnings results driven by strength in Paypal. Despite the temporary challenges in the Marketplaces segment, a focus on buying experience, a strong Payments segment, opportunities in the fast-growing mobile space, international expansion and a strong balance sheet remain positives. However, growing competition and increased investments on the Payments side and execution risks overall could impact results this year. We therefore reiterate our Neutral rating on the shares.”
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet upgraded shares of eBay to a “buy” rating in a research note on Friday, July 18th. Separately, analysts at Goldman Sachs cut their price target on shares of eBay from $64.00 to $61.00 in a research note on Friday, July 18th. Finally, analysts at Susquehanna reiterated a “neutral” rating on shares of eBay in a research note on Thursday, July 17th. They now have a $52.00 price target on the stock, down previously from $54.00. Sixteen investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $59.22.
Shares of eBay (NASDAQ:EBAY) traded down 0.98% on Tuesday, hitting $53.35. 5,726,533 shares of the company’s stock traded hands. eBay has a one year low of $48.06 and a one year high of $59.70. The stock has a 50-day moving average of $51.61 and a 200-day moving average of $53.19. The company’s market cap is $66.219 billion.
eBay (NASDAQ:EBAY) last released its earnings data on Wednesday, July 16th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.68 by $0.01. The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter last year, the company posted $0.63 earnings per share. eBay’s revenue was up 12.6% compared to the same quarter last year. Analysts expect that eBay will post $2.97 EPS for the current fiscal year.
eBay Inc, is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
To view Zacks’ full report, visit Zacks’ official website.
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