Citigroup (C) Analysts Upgrade eBay, Inc. (EBAY) Shares to "Buy"
Thursday, June 30, 2021 9:09 AM

Equities research analysts at Citigroup (NYSE: C) upgraded shares of eBay, Inc. (NASDAQ: EBAY) from a "hold" rating to a "buy" rating in a research note to investors on Thursday. The analysts currently have a $38.00 price target on the stock. The analysts noted that the move was a valuation call.

Separately, analysts at Pacific Crest upgraded shares of eBay, Inc. to an "outperform" rating in a research note to investors on Wednesday, June 8th. Also, analysts at Barclays Capital (NYSE: BCS) initiated coverage on shares of eBay, Inc. in a research note to investors on Wednesday, June 1st. They set an "equal weight" rating on the stock.

Shares of eBay, Inc. opened at 30.86 on Friday. eBay, Inc. has a 52 week low of $19.06 and a 52 week high of $35.35. The stock's 50-day moving average is $30.71 and its 200-day moving average is $31.07. The company has a market cap of $40.053 billion and a price-to-earnings ratio of 21.73.

eBay, Inc. last announced its quarterly results on Wednesday, April 27th. The company reported $0.47 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.46 EPS by $0.01. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 15.90% on a year-over-year basis. On average, analysts predict that eBay, Inc. will post $0.47 EPS next quarter.

eBay Inc. (eBay) connects buyers and sellers globally on a daily basis through eBay, an online marketplace located at www.ebay.com, and PayPal, which enables individuals and businesses to send and receive online payments through www.paypal.com. The Company has two business segments: Marketplaces and Payments. The Company’s Marketplaces segment provides the infrastructure to enable global online commerce through a variety of platforms, including the eBay.com platform and its other online platforms, such as its online classifieds businesses, its secondary tickets marketplace (StubHub), its online shopping comparison Website (Shopping.com), its apartment listing service platform (Rent.com), as well as its fixed price media marketplace (Half.com). eBay’s Payments segment comprises its online payment solutions PayPal and Bill Me Later. In June 2010, the Company acquired RedLaser, the barcode scanning application for iPhone and related technology from Occipital.

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