eBay "hold"

11.04.06 - Deutsche Securities

NEW YORK, April 11 (newratings.com) - Analyst Jeetil Patel of Deutsche Bank Securities maintains his "hold" rating on eBay Inc (EBAY). The target price is set to $40.

In a research note published yesterday, the analyst mentions that the company?s share price is expected to remain volatile during the summer season due to tougher listing comps until May and heightening competition from Google Base. According to the analyst, eBay is witnessing an unfavourable pricing environment at its PayPal segment. The company?s stock is trading either in-line with or ahead of that of the Internet media companies, Deutsche Bank Securities adds.