eBay: Credit Suisse sticks with 'outperform' rating
(CercleFinance.com) - Credit Suisse sticks with its 'outperform' rating on eBay after the e-commerce company reported in-line quarterly results on Wednesday, and lowered its full-year guidance.
The broker—which has a 58-dollar price target on the stock—said it expects value to be unlocked over the longer term, thanks to (1) the continued roll-out of product listing ads, (2) optionality for payments to add free cash flow, and (3) product development with structured data initiative.
That said, Credit Suisse expects eBay shares to revisit recent lows, as the headwinds announced for ticket platform StubHub were an unexpected development.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker—which has a 58-dollar price target on the stock—said it expects value to be unlocked over the longer term, thanks to (1) the continued roll-out of product listing ads, (2) optionality for payments to add free cash flow, and (3) product development with structured data initiative.
That said, Credit Suisse expects eBay shares to revisit recent lows, as the headwinds announced for ticket platform StubHub were an unexpected development.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.