eBay’s Stock Pops on Solid Earnings Performance

EBay’s stock traded 9 percent higher this morning after reporting strong second-quarter results yesterday. In early trading, the stock soared to $44.44 a share to hit a new 52-week high before backing down a bit. At least two analysts upped their price target: Mark Mahaney of Citi increased his price target to $45, citing impressive revenue; Baird’s Colin Sebastian raised his target to $47, based on strong marketplace and mobile trends.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik