5 Reasons To Remain Buyers Of eBay
EBay Inc (NASDAQ: EBAY) reported a relatively in-line earning report, but disappointing guidance and tougher comps sent shares falling nearly 4 percent.
However, Citi analyst Mark May does not believe the move was justified as he came “away incrementally positive on shares of eBay.” May maintains his Market Perform rating on eBay.
5 Reasons To Still Believe In eBay
Despite these factors, May highlighted eBay is still not a Buy. “While we are incrementally positive on eBay given the transition to Structured Data ahead of this year’s holiday season and recent product updates, such as its new homepage, it remains relatively early in its turn-around and we believe the risk/reward in shares is balanced until we can see consistent growth from these product changes.”
To dive deeper into eBay's earning metrics and see the latest exclusive financial news visit the Benzinga Pro news wire.
Latest Ratings for EBAY
Jul 2017 | Citigroup | Maintains | Buy | |
Jul 2017 | Bank of America | Maintains | Buy | |
Jun 2017 | Credit Suisse | Assumes | Outperform |
View More Analyst Ratings for EBAY
View the Latest Analyst Ratings
See more from Benzinga
From Amazon To Zynga: Your Internet Stock Q2 Preview And Morgan Stanley's Top Picks
Several Reasons eBay Just Won An Outperform Rating From Credit Suisse
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
