These Analysts Revise Their Forecasts On eBay After Q2 Results

eBay Inc (NASDAQ: EBAY ) on Wednesday reported upbeat second-quarter financial results. eBay reported second-quarter revenue of $3.1 3 billion, up 15% year-over-year.

The revenue total beat a Street consensus estimate of $3.02 billion, according to data Pro.

The company reported second-quarter adjusted earnings per share of $1.60, beating a Street estimate of $1.51. “eBay’s second quarter delivered meaningful, broad-based momentum driven by continued innovation and focused execution against our strategic roadmap,” eBay CEO Jamie Iannone said.

The company is guiding for third-quarter earnings per share in a range of $1.36 to $1.42 versus a Street estimate of $1.42.

Guidance for third-quarter sales is $3.07 billion to $3.12 billion, versus a Street estimate of $2.97 billion.

The sales guidance represents year-over-year growth of 8% to 10%, lower than the 15% in the second quarter. eBay shares rose 1.4% to $112.75 in pre-market trading.

These analysts made changes to their price targets on eBay following earnings announcement.

Needham analyst Bernie McTernan maintained the stock with a Buy and raised the price target from $122 to $135.

Cantor Fitzgerald analyst Deepak Mathivanan maintained the stock with a Neutral and lowered the price target from $110 to $106.

Considering buying EBAY stock? Here’s what analysts think: Photo via Shutterstock