eBay "buy"

11.01.07 - Stifel Nicolaus

NEW YORK, January 11 (newratings.com) - Analysts at Stifel Nicolaus & Company maintain their "buy" rating on eBay Inc (EBAY). The target price is set to $37.

In a research note published this morning, the analysts mention that the company is to acquire an online fixed price event ticketing exchange, StubHub, for $310 million in cash. StubHub had around $400 million in ticketing volumes and a 25% commission on every transaction in 2006, the analysts say.