eBay (NASDAQ:EBAY) Risk/Reward Balanced Says Canaccord

Even though eBay (NASDAQ:EBAY) outperformed in their latest quarter and gave guidance above consensus, Canaccord sees the risk/reward at this time as balanced.

Canaccord says, "eBay reported Q4 results above consensus expectations on a stronger holiday season, international strength and better performance from Marketplaces and PayPal. Management guided full-year revenue and EPS above consensus, predicated on a stabilizing macro environment, and expected recovery in Marketplaces, bolstered by sustained strength in Payments. Though eBay should benefit from secular trends, we believe the risk/reward is balanced at these levels given slower-than-expected restructuring of the core US eBay business and competition."

Canaccord Genuity reiterates a "Hold" rating on eBay (EBAY), which was trading at $30.56, gaining $1.45, or 5.02 percent, as of 2:14 PM EST. Canaccord has a price target of $32 on eBay.