eBay "outperform"

04.09.07 - Bear Stearns

NEW YORK, September 4 (newratings.com) - Analyst Robert S Peck of Bear Stearns maintains 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 quarter-to-date listings have risen by 3% y/y. Although quarter-to-date listings at eBay US and Germany declined, listings at eBay UK rose by 10%, the analyst adds. The company?s one-month free insertion fee promotion may stimulate the adoption of the gallery option among sellers, Bear Stearns adds.