eBay (Nasdaq:EBAY) should be able to reverse share losses, according to Janney, citing continuing growth of PayPal, focusing on their top affiliates, and creating a better buying experience.
Janney said, "Management made positive initial comments on impact of Durbin Amendment on PayPal. Our thesis remains unchanged: 1) we believe eBay’s play book of driving traffic to its top-rated sellers should ultimately improve the buying experience; 2) increased selection and an improved buying experience should begin to stem market share losses; and 3) expect strong growth at PayPal."
Janney maintains their "Buy" rating on eBay (ebay), which closed Thursday at 30.78, gaining $1.68, or 5.76 percent. Janney raised its price target on eBay from $32 to $33.
Friday, January 21, 2011
Janney's Outlook on eBay (Nasdaq:EBAY)
Labels:
eBay,
Janney Capital,
PayPal
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