Analyst Raises Price Target for eBay After Evidence of Strong Holiday Sales

Baird Equity Research’s Colin Sebastian raised his price target for eBay today to $60, up by $2, based on evidence that eBay and PayPal benefited from a 15 percent increase in online spending during the holidays. Sebastian now expects eBay to earn 69 cents a share on revenue of $4 billion in the fourth quarter, which is the high end of eBay’s guidance. In trading today, eBay’s shares fell $1.16, or 2.2 percent, to $52.43 a share. The company will report earnings on Jan. 16.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald