Cantor Fitzgerald Reaffirms Buy On Ebay Ahead Of Release Of 3Q14 Results
In a research report released today, Cantor Fitzgerald analyst Youssef Squali reaffirmed a Buy rating on eBay (NADAQ:EBAY) with a $63 price target ahead of the company’s release of its third-quarter results.
Squali wrote, “When EBAY reports on 10/15, we expect $4.34B in rev’s vs. consensus (FactSet) of $4.37B and EPS (pro forma) of $0.67, in line with consensus. Squali continued, “Mgt. reiterated its 3Q:14 guidance on September 30, when it held a conference call to discuss the Paypal spin off. 3Q:14 results should be in-line with muted Street expectations, with the May security breach negatively impacting Marketplaces growth. With the stock back at levels where it traded prior to the announcement, we continue to see this spin-out and a potential improvement in Marketplaces as reasons to own the stock.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Youssef Squali has a total average return of 31.3% and a 76.8% success rate. Squali has a 13.4% average return when recommending EBAY, and is ranked #2 out of 3335 analysts.