EBay up as analysts see listings growth
Published March 29th, 2006
Shares of eBay Inc. traded higher Tuesday after several analysts issued positive readings on the online auctioneer’s quarter-to-date listings and forecast more upside to the stock.
EBay shares rose $1.48, or 4 percent, to $38.63 in afternoon trading on Nasdaq, though the stock is down 14 percent for the year so far.
“We continue to recommend investors buy eBay shares given our view that the shares offer 30 percent-plus upside,” Goldman Sachs analyst Anthony Noto said in a client note Monday. Noto is projecting eBay’s first-quarter listings will be up 32 percent from the prior year.
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