eBay "neutral weight," estimates raised

12.04.06 - Prudential Financial

NEW YORK, April 12 (newratings.com) - Analyst Mark J Rowen of Prudential Financial maintains his "neutral weight" rating on eBay Inc (EBAY), while raising his estimates for the company. The target price is set to $40.

In a research note published yesterday, the analyst mentions that the company is likely to post its 1Q06 results ahead of the initial estimates. eBay is expected to have witnessed a significant y/y acceleration in the listing growth at its core US site, benefiting from the performance of eBay Stores. The EPS estimates for 2006 and 2007 have been raised from $0.86 to $0.89 and from $1.12 to $1.15, respectively.