BofA analyst Justin Post raised the firm’s price target on eBay to $52 from $44 and keeps a Neutral rating on the shares ahead of the company reporting Q4 earnings d after market close on Wednesday, February 22. The firm raised its Q4 estimates to be "slightly above" consensus and guidance, primarily due to higher international revenues given a pullback in the U.S. dollar and better than expected European macro trends since eBay last reported earnings. However, the firm lowered its Q1 U.S. GMV forecast to down 7% given a slight deceleration in total U.S. e-commerce trends in January per the firm’s aggregated credit and debit card data.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on EBAY: