eBay "buy," estimates raised

20.04.07 - Banc of America

NEW YORK, April 20 (newratings.com) - Analysts at Banc of America Securities reiterate their "buy" rating on eBay Inc (EBAY), while raising their estimates for the company. The target price is set to $43.

In a research note published yesterday, the analysts mention that the company has reported healthy results for the latest quarter. eBay?s fundamentals remain positive, the analysts say. The EPS estimates for 2007 and 2008 have been raised from $1.28 to $1.34 and from $1.58 to $1.67, respectively.