Analyst Optimistic About eBay Inc (EBAY)
Analyst Bob Peck from SunTrust Robinson Humphrey maintained his Neutral rating for eBay Inc(NASDAQ:EBAY) with a price target of $26, marking a decline of 1.2% from current levels.
The analyst prefaces his report by stating how short-term eBay is experiencing modest U.S growth, faces competition from StubHub and is restrained until the middle of 2017 to begin buying back shares. The analyst then discusses why he is bullish towards eBay in the long run. eBay has continued to undergo changes in the company’s platform “including structuring data, product reviews, and branded shipping supplies.” Additionally, the company acquired SalesPredict to use machines recommend products. Peck also anticipates eBay to buyback shares, although this can’t be done until 2017 as previously mentioned, and begin to pay dividends.
According to TipRanks, Peck has a success rate of 61% with an average return of 6.1% per recommendation.