eBay: Credit Suisse raises target; shares shine
(CercleFinance.com) - eBay shares are going against the trend on the Nasdaq on Friday, with Credit Suisse raising its target price for the share from 51 dollars to 60 dollars to reflect the group's long-term opportunities.
The broker - which maintains its "outperform" rating on the stock - believes that the newly-announced payment initiatives, as well as the potential for advertising and product listing ads (PLA), could represent incremental streams of revenue for the e-commerce company.
The shares are currently up 1.5% at 42.8 dollars while the Nasdaq Composite index is down 0.7%.
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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 - which maintains its "outperform" rating on the stock - believes that the newly-announced payment initiatives, as well as the potential for advertising and product listing ads (PLA), could represent incremental streams of revenue for the e-commerce company.
The shares are currently up 1.5% at 42.8 dollars while the Nasdaq Composite index is down 0.7%.
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.