Wedbush's Outlook on eBay (Nasdaq:EBAY)

After the release of their earnings for the last quarter, eBay (Nasdaq:EBAY) has had a number of analysts give their outlook on the company, with many like Wedbush, being somewhat positive going forward.

Wedbush said, "both Marketplace and PayPal fell short of our estimates due to lower take rates, as gross revenue in each segment modestly exceeded our estimates."

They added, "Sold items grew by 9.5% y/y (accelerating from the 8.5% y/y growth in Q3), driven by 5% y/y growth in active users (as active users reached 94.5mm, 5% y/y growth) and a 4% increase in items purchased per user. However, this was offset on the top line by lower ASP as the product mix continues to shift to lower priced and higher value goods."

Wedbush raised their first quarter 2011 EPS estimate from $0.44 to $0.47 and revenue estimate from $2.445 billion to $2.450 billion. Full year 2011 EPS outlook was increased from $1.84 to $1.93 and revenue outlook from $10.201 to $10.394 billion.

Wedbush maintains their "Neutral" rating on eBay (ebay), which closed Thursday at 30.78, gaining $1.68, or 5.76 percent. Wedbush has a price target on eBay of $35.