eBay "equal weight," target price raised

18.04.08 - Lehman Brothers

NEW YORK, April 18 (newratings.com) - Analyst Douglas Anmuth of Lehman Brothers maintains his "equal weight" rating on eBay Inc (EBAY), while raising his estimates for the company. The target price has been raised from $30 to $33.

In a research note published yesterday, the analyst mentions that the company has posted robust 1Q08 results. eBay has raised its revenue and pro forma EPS guidance for 2008. The company?s share price is likely to remain range-bound in the near term, Lehman Brothers adds. The EPS estimates for 2008 and 2009 have been raised from $1.71 to $1.74 and from $1.95 and $1.97, respectively.