eBay long-term outlook still positive, says JMP Securities

theflyonthewall.com

After eBay lowered its guidance, JMP Securities expects the stock to be pressured today and reduced its price target on the shares to $60 from $65. But the firm continues to expect the company's growth to outpace that of ecommerce, and it thinks that eBay is taking share in the payments category. JMP Securities keeps an Outperform rating on the stock.

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