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eBay Soars After Analyst Meeting

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eBay

(EBAY) - Get eBay Inc. Report

picked up steam and was ahead 10.4% in midafternoon trading on news of the ambitious goals it outlined in its analyst meeting. The company said it expects $3 billion in revenue in 2005, a target that implies a growth rate of 50%. eBay spiked before midday on the first reports from its briefing, then settled back before gathering momentum in early afternoon.

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