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

theflyonthewall.com

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.

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