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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There’s a lot of attention and PR around Marissa, but their product lineup just kind of blows.

— Om Malik on Bloomberg TV, talking about Yahoo, the September issue of Vogue Magazine, and our overdependence on Google