eBay: “The Road Ahead Will Become Increasingly Challenging”, Says Topeka
Topeka Capital analyst Victor Anthony maintained a Hold rating on eBay Inc. (EBAY) stock today and reduced his price target from $60 to $54 following a hectic quarter and several internal issues.
Anthony said, “Following extensive checks on PayPal, we are convinced that the road ahead will become increasingly challenging. As a result, we have reduced our longer-term estimates for Payments. In addition, eBay experienced several headwinds that impacted the quarter including the data breach and the negative impact from the Panda 4.0 update. We have reduced our Marketplace estimates to reflect those negative impacts”.
According to TipRanks, which measures analysts and bloggers success rate based on how their calls perform, analyst Victor Anthony currently has an average return of 19.3% and a 70% success rate. Anthony has 2.4% average profit recommending EBAY, and he is ranked #85 out of 3125 analysts.