SunTrust Robinson analyst Youssef Squali maintained a Hold rating on Ebay (EBAY) yesterday and set a price target of $38.00. The company’s shares closed last Monday at $36.21.
According to TipRanks.com, Squali is a top 25 analyst with an average return of 31.5% and a 75.0% success rate. Squali covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, ANGI Homeservices, and Uber Technologies.
The word on The Street in general, suggests a Hold analyst consensus rating for Ebay with a $39.92 average price target, representing a 12.1% upside. In a report issued on January 21, Morgan Stanley also maintained a Hold rating on the stock with a $35.00 price target.
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Based on Ebay’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.63 billion and net profit of $310 million. In comparison, last year the company earned revenue of $2.85 billion and had a net profit of $760 million.
Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EBAY in relation to earlier this year.
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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.
