Analysts at Argus raised their price target on shares of eBay (NASDAQ: EBAY) from $50.00 to $58.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura upgraded shares of eBay from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, October 4th. They now have a $60.00 price target on the stock, up previously from $43.50. Separately, analysts at Zacks reiterated a “neutral” rating on shares of eBay in a research note to investors on Friday, September 21st. They now have a $53.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of eBay in a research note to investors on Friday, September 21st. They set a “hold” rating and a $55.00 price target on the stock.
Shares of eBay traded down 2.84% during mid-day trading on Tuesday, hitting $46.56. eBay has a one year low of $28.15 and a one year high of $50.65. The company has a market cap of $60.000 billion and a P/E ratio of 16.85.
eBay last issued its quarterly earnings data on Wednesday, July 18th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.01. The company’s quarterly revenue was up 23.1% on a year-over-year basis. Analysts expect that eBay will post $2.34 EPS for the current fiscal year.
eBay Inc. (eBay) is a global commerce platform. The Company enables commerce through three reportable segments: Marketplaces, Payments and GSI Commerce (GSI).
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