eBay (EBAY) is one of the largest online retailers in the world today. The company’s third quarter results beat the Zacks Consensus and guidance for the fourth quarter indicates an improving business.
Restructuring of the Marketplaces segment, a focus on buying experience, continued momentum in the Payments segment, a growing presence on the mobile platform and a strong balance sheet indicate improving long-term results.
Although competition continues to heat up and gross margin pressures are likely to continue, we think the positives outweigh the negatives, resulting in improving investor sentiment. Consequently, we are upgrading EBAY shares to Outperform.
EBAY INC (EBAY): Free Stock Analysis Report
Zacks Investment Research
