eBay Inc
EBAY: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$86.00 | Stsnjq | Fgmdqpkqn |
eBay Earnings: Pressure Abroad Drives Margin Deleverage; We Still See Long-Term Upside
Narrow-moat eBay posted solid third-quarter earnings, but soft guidance and margin pressure sent shares down 6%-7% in aftermarket trading. We think that the reaction is directionally correct but overblown, and expect to lower our $51 intrinsic valuation by a mid-single-digit percentage after digesting results.