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EBAY

eBay

$37.97

0.48 (1.28%)

16:22
10/18/17
10/18
16:22
10/18/17
16:22

eBay added 2M active buyers in Q3

In the third quarter, eBay added nearly two million active buyers across its platforms, for a total of 168 million global active buyers. This figure has been adjusted to exclude domestic active buyers in India following the sale of eBay's India business to Flipkart. Marketplace continued to enhance user experiences with product changes including grouped listings, simplified selling flows and eBay Authenticate. eBay activated its brand platform with campaigns across the U.S., U.K. and Australia during the quarter and was once again recognized in Interbrand's Best Global Brands report. StubHub continued to strengthen its partnership with Major League Baseball and is now integrated with all 30 teams. Additionally, the company will now serve as the official secondary ticketing partner to the T-Mobile Arena, Las Vegas' newest sports and entertainment venue.

EBAY eBay
$37.97

0.48 (1.28%)

10/18/17
BMOC
10/18/17
NO CHANGE
Target $40
BMOC
Market Perform
eBay price target raised to $40 from $36 at BMO Capital
BMO Capital analyst Daniel Salmon raised his price target on eBay to $40, saying the revenue in Promoted Listings business will rise about 190% in FY17. Salmon says the company's decision to discontinue third-party product listings ads across eBay will result in greater adoption of Promoted Listings, which he sees as a $1B opportunity. The analyst maintains a Market Perform rating on eBay, awaiting more signs of acceleration in gross merchandise volume.
10/16/17
BARD
10/16/17
NO CHANGE
Target $38
BARD
Outperform
eBay shows signs of improving growth ahead of holidays, says Baird
Baird analyst Colin Sebastian continues to view eBay positively as Q3 once again shows signs of improving growth ahead of the holiday season. He believes the next three months are important milestones in demonstrating the resiliency of its platform transformation. Sebastian reiterated his Outperform rating and $38 price target on eBay shares.
10/11/17
10/11/17
UPGRADE
Target $76

Overweight
PayPal upgraded to Overweight on revised view of eBay risk at Morgan Stanley
As previously reported, Morgan Stanley analyst James Faucette upgraded PayPal (PYPL) to Overweight from Equal Weight, calling it among the few large companies that can deliver high-teens revenue and 20% EPS growth. While he previously was on the sidelines due to risk from its contract renegotiation with eBay (EBAY), he now believes the market may be overly concerned with it as he thinks the most likely renewal structure will feature rebates from PayPal to eBay, he tells investors. Faucette raised his price target on PayPal shares to $76 from $62. He also raised his price target on eBay to $33 from $29, though he keeps an Underweight rating on its shares.
09/26/17
WELS
09/26/17
INITIATION
Target $45
WELS
Outperform
eBay resumed with an Outperform at Wells Fargo
Wells Fargo analyst Ken Sena resumed coverage on eBay with an Outperform and $45 price target.

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