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.


Latest Video

View all videos »

Search »

Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus