eBay ?underperform,? target price raised

20.04.07 - Guzman & Company

NEW YORK, April 20 (newratings.com) - Analysts at Guzman & Company reiterate their "underperform" rating on eBay Inc (EBAY). The target price has been raised from $37 to $38.

In a research note published this morning, the analysts mention that the company has reported its 1Q GAAP EPS and revenues ahead of the estimates. eBay repurchased shares worth $333 million during the quarter, the analysts say. The company has raised its revenue and adjusted EPS guidance for the full year from $7.05-$7.30 billion to $7.20-$7.45 billion and from $1.25-$1.29 to $1.30-$1.34, respectively.