eBay: Credit Suisse cuts its target price
(CercleFinance.com) - Credit Suisse maintains an "outperform" rating on eBay, although has cut its target price for the share to 52 dollars, from 58 dollars previously.
The broker says it is taking a "more conservative stance" on the near-term growth of online ticket exchange unit Stubhub, after eBay shares have been particularly badly hit.
Despite this, Credit Suisse remains positive towards the shares, due to the continued roll-out of so-called "product listing ads" (PLA) to increase marketplace take rate and ongoing product development with structured data initiative, which should increase conversion rates over time, it said.
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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 says it is taking a "more conservative stance" on the near-term growth of online ticket exchange unit Stubhub, after eBay shares have been particularly badly hit.
Despite this, Credit Suisse remains positive towards the shares, due to the continued roll-out of so-called "product listing ads" (PLA) to increase marketplace take rate and ongoing product development with structured data initiative, which should increase conversion rates over time, it said.
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.