eBay "outperform"

04.06.07 - Bear Stearns

NEW YORK, June 4 (newratings.com) ? Analyst Robert S Peck of Bear Stearns reiterates his "outperform" rating on eBay Inc (EBAY). The target price is set to $41.

In a research note published this morning, the analyst mentions that the company?s total listings have risen so far in the current quarter by 2% y/y, ahead of the estimates. In this period, eBay is likely to have hosted 326.1 million core listings by sellers, the analyst says. The company?s core (non-store) listings in the ninth week of 2Q07 are estimated at 36.2 million, Bear Stearns adds.