In a report released today, Youssef Squali from SunTrust Robinson maintained a Hold rating on Ebay (EBAY), with a price target of $34. The company’s shares closed on Thursday at $35.98.
Squali noted:
“We maintain a Hold rating/$34 PT going into 1Q19 earnings due out Tuesday 4/23. We expect the results and FY19 outlook to be virtually in line with muted Street expectations, showing continued strain in Marketplace growth. We expect to get an update on the operating and portfolio reviews, and note that there has been notable interest in the Classifieds asset. The current capital allocation strategy effectively pays investors to wait (~$5B in share buybacks & ~$500M annual dividend in 2019) until 2H20/2021, when payments/1P advertising should have a greater positive effect on the overall P&L. Lowering GMV estimates to better reflect commentary last quarter/tough comps/FX. We expect revs and non-GAAP EPS of $2.59B and $0.62, virtually in line with consensus of $2.58B and $0.63, respectively.”
According to TipRanks.com, Squali is a top 100 analyst with an average return of 22.6% and a 70.5% success rate. Squali covers the Technology sector, focusing on stocks such as Match Group Inc, Trade Desk Inc, and Cardlytics Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ebay with a $38.63 average price target, a 7.4% upside from current levels. In a report issued on April 18, Stifel Nicolaus also maintained a Hold rating on the stock with a $39 price target.
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The company has a one-year high of $43 and a one-year low of $26.01. Currently, Ebay has an average volume of 12.68M.
Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is negative on the stock.
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eBay, Inc. operates as a commerce company, which engages in the provision of investments and acquisitions to help enable commerce on platforms for buyers and sellers online or on mobile devices. It operates throught the following platforms: Marketplace; Classifieds; StubHub, Corporate, and Others.