Jefferies Boosts eBay (NASDAQ:EBAY) on Positive Outlook

eBay (NASDAQ:EBAY) continues to be attractive to Jefferies (NYSE:JEF), which sees them with the catalysts in place to generate revenue growth.

Specifically cited by Jefferies was eBay's market share gains for PayPal and their core GMV growth. Margins should be able to expand in this scenario as well.

eBay's full year 2011 EPS/revenue estimates were raised from $1.80/$10.3 billion to $1.99/$10.5 billion.

Jefferies reiterates its "Buy" rating on eBay, which closed Thursday at $30.78, gaining $1.68, or 5.76 percent. Jefferies raised their price target on eBay from $32 to $34.