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EBay is quickly becoming “one of the strongest brands in the world,” according to Morgan Stanley analyst Mary Meeker, who said the online auctioneer’s stock remains strong and is still “in early innings of a secular growth cycle that it is leading.”
The analyst also said eBay (nasdaq: EBAY - news - people ) stock may be undervalued.
“Investors still underestimate the impact the Internet will have in changing business process and consumer behavior on a global basis,” Meeker wrote Friday in a research report. “At the margin, online is gaining share from offline,” which she predicts will “benefit the Internet leaders.”

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Posted: 04|3|06 at 7:53 am. Filed under: eBay Auctions.