Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Citigroup Upgrades eBay to Buy

Citigroup upgraded eBay (EBAY) to buy from hold.

Analyst Mark Mahaney says his estimates remain unchanged, but renewed confidence has led him to slightly increase his long term growth assumptions and multiple. He raised his $45 price target to $51.

Mahaney says following eBay's second-quarter results, he has increased conviction that the quarter was an inflection point for the company's fundamentals. Further, he views Google's (GOOG) definitive announcement that it is not working on a PayPal competing product as a removal of a signficant negative catalyst.

Hence, based on channel checks, his proprietary listing database, and incremental analysis, he believes second-quarter trends are sustainable.

blog comments powered by Disqus