Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

http://www.businessweek.com/stories/2004-04-21/deutsche-bank-ups-ebay-outlook

Markets & Finance

Deutsche Bank Ups EBay Outlook


Deutsche Bank raised its estimates and price target on EBay (EBAY).

Analyst Jeetil Patel says results came in well above his and the Street's estimates. He raised the $3 billion 2004 revenue estimate to $3.19 billion, and upped the $1.06 earnings per share estimate to $1.16. He sees $4.13 billion in 2005 revenue, and $1.61 earnings per share. He also notes the number of transactions per active user rose to 3.6, both sequentially and year over year.

Patel reiterates his buy rating, and continues to recommend eBay as a core holding for investors looking for exposure to the sector. He says eBay is depressing multiple growth levers across platforms, thus driving momentum in this increasingly competitive environment. Patel raised his $75 target to $87 or 54 times his 2005 earnings per share estimate.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus