Cantor Offers Commentary on eBay Inc Ahead of Next Week’s Meetings With eBay and PayPal Managements
Cantor Fitzgerald analyst Youssef Squali came out today with a research note on eBay Inc (NASDAQ:EBAY), maintaining a Buy rating on the stock with a price target of $68. The report came ahead of next week’s meetings with Wall Street analysts and investors in New York City. The meetings will be hosted by management teams from both Ebay and Paypal, Inc., and will address two components: formal introductions and positioning and strategy outlines.
Squali noted, “We expect to get much needed insights into how these businesses are planning on tackling the opportunity in front of them and address some nagging questions investors continue to have. In this brief note, we outline the top 10 questions we often get from investors regarding both eBay Marketplaces and PayPal, now that they’re about to separate, hoping to get some clarity.”
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 24.9% and a 74.6% success rate. Squali has a 20.1% average return when recommending EBAY, and is ranked #4 out of 3610 analysts.