eBay "neutral weight"

27.03.06 - Prudential Financial

NEW YORK, March 27 (newratings.com) - Analyst Mark J Rowen of Prudential Financial maintains his "neutral weight" rating on eBay Inc (EBAY). The target price is set to $40.

In a research note published this morning, the analyst mentions that the company witnessed 20%, 14% and 72% y/y listings growth on its US, Germany and UK sites, respectively, during the most recent week ended March 17. Listings on the Vehicles and parts categories on the eBay Motors site increased 22.4% and 5.6%, respectively, during the week, the analyst says. eBay has witnessed 33.4% listings growth quarter-to-date across the world, as compared to the estimated growth of 30.0% for the entire quarter, Prudential Financial adds.