eBay Inc.’s listings so far this quarter are up 5.8% on an annual basis, with its international segment seeing 13.6% growth, according to Goldman Sachs.
While the Internet auctioneer’s listings growth should continue to be below marketplace gross merchandise value and revenue growth until lower-quality and lower-value listings are eliminated, conversion rates, pricing and the listing mix are other factors that investors should be mindful of, analyst Anthony Noto said in a note to clients.
He forecasts eBay’s first quarter revenue will come in at US$1.702-billion and has a US$40 price target on the stock, representing upside of nearly 30%.
eBay is also on Goldman Sachs’ ‘Americas Buy List.’
The company reports first quarter results on April 19, 2007.

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Posted: 03|13|07 at 2:51 pm. Filed under: eBay Auctions.