eBay (EBAY) : Analyst Rating Update

eBay (EBAY) : 23 analysts are covering eBay (EBAY) and their average rating on the stock is 2.55, which is read as a Hold. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 2 more analyst has given the stock a Sell recommendation. A total of 15 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

eBay (EBAY) : 25 Wall Street analysts covering eBay (EBAY) believe that the average level the stock could reach for the short term is $28.44. The maximum price target given is $36 and the minimum target for short term is around $24, hence the standard deviation is calculated at $3.38.

eBay (NASDAQ:EBAY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.71 and $23.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.83, notching a gain of 0.29% for the day. The total traded volume was 9,509,946 . The stock had closed at $23.76 on the previous day.

Also, Maxim Group initiates coverage on eBay (NASDAQ:EBAY). The shares have now been rated Buy by the stock experts at the ratings house. Maxim Group announces the current price target of $36 per share on eBay . The rating by the firm was issued on June 23, 2016. The company shares have dropped -7.44% from its 1 Year high price. On Dec 1, 2015, the shares registered one year high at $29.83 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $23.90 and the 200 Day Moving Average price is recorded at $24.42.

eBay Inc.(eBay) is a global technology company. The Company has created an open source platform that provides software developers and merchants access to its applications programming interfaces (APIs) to develop software and solutions for commerce. The Companys segments include Marketplaces and Payments. The Companys Marketplaces segment includes its ebay.com platform and its localized counterparts, as well as other online platforms, such as its online classifieds sites and StubHub. The Companys Payments segment consists of its PayPal business. Its classifieds Websites include alaMaula, BilBasen, dba.dk, eBay Classifieds (eBay Classifieds, eBay Kleinanzeigen and eBay Annunci), Gumtree, Kijiji, iBazar, 2dehands.be, 2ememain.be, LoQUo, Marktplaats.nl and mobile.de. It also offers trust and safety programs, including PayPals Seller Protection and Purchase Protection Programs, through its PayPal. It offers mobile applications for iPhone, iPad, Android and Windows mobile devices.

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