Canaccord Genuity analyst Michael Graham upgraded eBay shares to "Buy" while raising his price target to $67. Jefferies analyst Brian Pitz raised his price target to $66 from $62; Cantor Fitzgerald analyst Youssef Squali raised his target to $64 from $56; and Credit Suisse analyst Stephen Ju raised his price target to $55 from $50.
"We believe Marketplaces will continue to be a stable growth engine and that PayPal can surprise to the upside. eBay is innovating along many fronts which may require expanded investment/acquisitions. However, we believe in eBay's vision of synching online and offline commerce and that with ~112 million eBay accounts and ~123 million PayPal accounts actively engaged on mobile, eBay is uniquely positioned to capitalize on this opportunity," Canaccord's Graham wrote in his report.
: TSLA jumped $6.04, or 15.9%, to $43.93; AAPL fell $13.75, or 3.1%, to $428.92; and EBAY rose $1.49, or 2.8%, to $55.71.
Written by Chris Ciaccia in New York