RBC Capital Raises Price Target Following eBay's (EBAY) 3c EPS Beat

RBC Capital reiterated a Sector Perform rating on eBay (NASDAQ: EBAY), and raised the price target to $30.00 (from $29.00), following the company's 3Q15 earnings report. EBAY reported Q3 Revenue of $2.10B, which was essentially right-in-line with The Street estimates. $0.43 in Non-GAAP EPS beat The Street at $0.40.

Analyst Mark Mahaney commented, "Against low expectations, EBAY posted a modest beat & raise Q3, with Q3 Revenue in line but EPS beating. Fundamental trends were very consistent with Q2. EBAY reiterated its Q4 Revenue Guide, but raised its Q4 EPS Guide. Big News – eBay repo’d $600MM of stock."

For an analyst ratings summary and ratings history on eBay click here. For more ratings news on eBay click here.

Shares of eBay closed at $24.21 yesterday.

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