eBay "overweight"

18.07.06 - Prudential Financial

NEW YORK, July 18 (newratings.com) - Analyst Mark J Rowen of Prudential Financial maintains his "overweight" rating on eBay Inc (EBAY). The target price is set to $40.

In a research note published yesterday, the analyst mentions that the company has reported that the listings on its core US site climbed 23.1% y/y in the week ended July 14. The quarter-to-date listings on eBay US, eBay Germany and eBay UK rose by approximately 22.8%, 73.0% and 63.9% y/y, respectively, the analyst says. The vehicle and auto parts categories on eBay Motors registered 11.3% and 45.9% growth, respectively, Prudential Financial adds.