eBay sales data not as bad as it looks, says Piper Jaffray

March 12, 2013

Piper Jaffray believes ChannelAdvisor's February same-store-sales data for eBay is not as bad as it looks and implies in-line March quarter results for the company. Piper expects ChannelAdvisor data for March to return to low double digit growth as comparisons ease and keeps an Overweight rating on eBay.