NEW YORK (TheStreet) -- eBay (EBAY) stock has been reiterated as a "buy" with a $65 price target, Cantor Fitzgerald said Monday. The firm said first-quarter results, due after the bell Tuesday, should be inline with expectations with a pick-up in growth in domestic e-commerce.
"With pressure from Icahn waning, we believe that talk of a PayPal spinoff will take a backseat to renewed focus on how well eBay does operationally in the next few quarters. We continue to like EBAY as a value play for 2014," analyst Youssef Squali wrote in the report.
Separately, TheStreet Ratings team rates EBAY INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate EBAY INC (EBAY) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
Highlights from the analysis by TheStreet Ratings Team goes as follows: