The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage. NEW YORK ( Trefis) -- By now you've probably heard that the Holiday buying season started off with a bang on Black Friday, and was followed with more positive news from consumers on Cyber Monday. Not surprisingly eBay ( EBAY), Amazon ( AMZN) and other online retailers saw a huge jump, too. What may surprise some investors was the fantastic November eBay announced. An 18% jump in year-over-year sales for the month, along with a solid start to the holidays has investors cheering. Especially considering this comes on the heels of a 13.4% year-over-year jump in October.
The company's sales increases have not gone unnoticed by investors, starting the week with a bang. But even with the recent 5% jump in price, the stock remains well below the Trefis target of $38.68 a share. And with some of the recently announced changes, upward revisions may be warranted.