eBay "overweight"

07.08.06 - Prudential Financial

NEW YORK, August 7 (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 this morning, the analyst mentions that the listings on the company's core US site are likely to have risen by 33.7% y/y in the week ended August 4. The listings on eBay UK are expected to have risen by 77.7% y/y during the week, the analyst adds. The company's global listings quarter-to-date have increased 41.4%, above the estimate of 32% for the full quarter, Prudential Financial says.