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EBAY

eBay

$40.98

-0.2 (-0.49%)

05:09
04/26/18
04/26
05:09
04/26/18
05:09

eBay GMV growth decelerated for first time in 5 quarters, says Mizuho

Mizuho analyst James Lee says eBay last night reported inline revenues but missed operating profits consensus. Further, U.S. gross merchandise volume excluding Stubhub decelerated modestly to 6.5% year-over-year growth from 6.7% last quarter, the first time in five quarters, Lee tells investors in a post-earnings research note. He remains concerned about tougher GMV comps in the second half of 2018 and an expected revenue acceleration from 7% to 9% year-over-year growth in the back half. The analyst lowered his price target for eBay shares to $39 from $40 and keeps an Underperform rating on the name.

EBAY eBay
$40.98

-0.2 (-0.49%)

04/20/18
FBCO
04/20/18
NO CHANGE
Target $60
FBCO
Outperform
eBay price target raised to $60 at Credit Suisse ahead of Q1 earnings
Credit Suisse analyst Stephen Ju raised his price target on eBay to $60 from $51 ahead of its Q1 earnings report on April 25. In a research note to investors called "At the beginning of a new shareholder value creation cycle," Ju maintained his Outperform rating and noted that GMV acceleration has been an "undeniable positive" for eBay, but take rate improvements ultimately exert a greater impact on revenue and free cash flow.
04/20/18
JEFF
04/20/18
NO CHANGE
Target $98
JEFF
Buy
PayPal impact from eBay still looks manageable, says Jefferies
Jefferies analyst Ramsey El-Assal says his updated analysis reinforces his prior view that the impact from losing exclusivity at eBay (EBAY) should prove "quite manageable" for PayPal (PYPL). The most likely outcome is a low-single-digit revenue decline and a mid- to high-single-digit earnings decline in 2020 for PayPal, El-Assal tells investors in a research note. He notes that this does not take into consideration any offsetting acquisitions or buybacks utilizing PayPal's "sizable unlevered" cash holdings. In addition, the analyst believes the company's fundamentals in Q1 look solid. He keeps a Buy rating on the shares with a $98 price target.
04/19/18
SBSH
04/19/18
NO CHANGE
Target $58
SBSH
Buy
Citi boosts eBay target to $58, raises to second top pick in Internet
eBay (EBAY) shares do not reflect the value of the recently announced new payment solution, Citi analyst Mark May tells investors in a research note. He estimates the solution will increase earnings by 20% in its first full-year and has a net present value of $8 per share. May raised his price target for eBay to $58 and $50 and elevated the stock four spots to become his second to pick in Internet, behind only Amazon.com (AMZN). He views eBay's valuation as attractive and keeps a Buy rating on the shares.
04/18/18
04/18/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. eBay (EBAY) upgraded to Overweight from Underweight at Morgan Stanley with analyst Brian Nowak saying he expects the company to start pulling away from PayPal (PYPL) and intermediating its own payments in 2018, with a planned full transition in mid-2020. 2. First Solar (FSLR) upgraded to Buy from Neutral at BofA/Merrill with analyst Julien Dumoulin-Smith saying recent data is increasingly positive with unabated year-over-year Chinese solar demand, domestic safe harbor datapoints firming with a potential release in a couple months, firming domestic pricing, less likely import tariff exemptions, and a constructive cost trajectory for Series 65. 3. Dollar Tree (DLTR) upgraded to Buy from Hold at Loop Capital with analyst Anthony Chukumba saying while Dollar Tree's fiscal 2018 earnings guidance came up short of consensus expectations, management is correctly prioritizing long-term competitiveness over higher short-term profitability. 4. M&T Bank (MTB) upgraded to Neutral from Underperform at Baird with analyst David George citing its recent pullback as the shares have been hit hard and his belief this high quality bank should retain its premium valuation. 5. Pinnacle Financial (PNFP) upgraded to Outperform from Market Perform at Hovde Group and Fig Partners. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

QURE

uniQure

$32.87

0.56 (1.73%)

06:06
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NTAP

NetApp

$66.61

-0.41 (-0.61%)

06:03
05/24/18
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PEGI

Pattern Energy

$18.08

0.23 (1.29%)

06:03
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06:03
Hot Stocks
Pattern Energy selling operations in Chile for $67M »

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PBR

Petrobras

$15.10

-0.6 (-3.82%)

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BWXT

BWX Technologies

$67.94

-0.06 (-0.09%)

06:02
05/24/18
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DE

Deere

$156.59

1.52 (0.98%)

05:49
05/24/18
05/24
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05:49
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Deere rating change  »

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NKTR

Nektar

$82.81

0.87 (1.06%)

, BMY

Bristol-Myers

$52.49

0.14 (0.27%)

05:36
05/24/18
05/24
05:36
05/24/18
05:36
Recommendations
Nektar, Bristol-Myers, Merck analyst commentary  »

Nektar is…

NKTR

Nektar

$82.81

0.87 (1.06%)

BMY

Bristol-Myers

$52.49

0.14 (0.27%)

MRK

Merck

$59.16

0.7 (1.20%)

03/08/13
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  • 02

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  • 23

    Oct

ABBV

AbbVie

$105.60

-0.72 (-0.68%)

05:34
05/24/18
05/24
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05:34
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AbbVie rating change  »

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  • 02

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    Jun

GBNK

Guaranty Bancorp

$33.05

0.6 (1.85%)

, IBTX

Independent Bank

$74.20

-3.65 (-4.69%)

05:29
05/24/18
05/24
05:29
05/24/18
05:29
Downgrade
Guaranty Bancorp, Independent Bank rating change  »

Guaranty Bancorp…

GBNK

Guaranty Bancorp

$33.05

0.6 (1.85%)

IBTX

Independent Bank

$74.20

-3.65 (-4.69%)

03/08/13
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  • 24

    Sep

EC

Ecopetrol

$21.15

-0.62 (-2.85%)

05:28
05/24/18
05/24
05:28
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05:28
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Ecopetrol rating change  »

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VRML

Vermillion

$1.05

0.045 (4.48%)

05:27
05/24/18
05/24
05:27
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05:27
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CZR

Caesars

$12.50

-0.15 (-1.19%)

05:26
05/24/18
05/24
05:26
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05:26
Initiation
Caesars initiated  »

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MLNT

Melinta Therapeutics

$6.25

-0.2 (-3.10%)

05:26
05/24/18
05/24
05:26
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05:26
Syndicate
Melinta Therapeutics 22M share Secondary priced at $5.00 »

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  • 24

    May

TDY

Teledyne

$198.96

2.19 (1.11%)

05:24
05/24/18
05/24
05:24
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05:24
Hot Stocks
Teledyne awarded second phase of $47M contract from ESA »

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NOG

Northern Oil and Gas

$2.69

0.06 (2.28%)

05:22
05/24/18
05/24
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05:22
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RDC

Rowan Companies

05:22
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05/24
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OI

Owens-Illinois

$18.85

-0.1 (-0.53%)

05:21
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DE

Deere

$156.59

1.52 (0.98%)

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GNRC

Generac

$50.56

0.42 (0.84%)

05:21
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  • 12

    Jun

PBR

Petrobras

$15.10

-0.6 (-3.82%)

05:19
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05:19
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PBR

Petrobras

$15.10

-0.6 (-3.82%)

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NVS

Novartis

$76.38

-0.465 (-0.61%)

05:19
05/24/18
05/24
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05:19
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Sandoz receives European Commission approval for Zessly »

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  • 05

    Jun

ARCT

Arcturus Therapeutics

$6.66

-0.29 (-4.17%)

05:17
05/24/18
05/24
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05:17
Hot Stocks
Arcturus Therapeutics comments on court ruling on former CEO 13D situation »

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  • 25

    Jun

MTDR

Matador

$31.07

-0.735 (-2.31%)

05:14
05/24/18
05/24
05:14
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05:14
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ESYJY

easyJet

$0.00

(0.00%)

05:08
05/24/18
05/24
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05:08
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easyJet rating change  »

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