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ramonthemule's Stock Forecast for EBAY INC (EBAY)

Submitted by ramonthemule on Wed, 03/19/2008 - 19:04.

Stock

EBAY INC (EBAY)

Target

From $27.84 to $33.00

Target Date

6/1/2008
Hit target on: April 4, 2008

Current Price

$30
Market Outlook: Bullish
Top 3 Stocks: DIS,PG,XOM
College: University of Miami

Authority:
9.43 (?)

Thesis:

Since my last forecast is stalled I figure I'll give this another shot, let me know if you likey.

eBay is seeing strong listings with QTD listings up over 5.7%, with 9.1% international. I fear listings increases may be due to people trying to raise cash to help out, which doesn't necessarily mean sales which is where eBay makes its money (commissions plus usually paypal). STILL, I think the stock has room to recover and could be seen as a 'bargain' area for deal hunters and recession pinched people looking to buy used. At least that's my story and I'm sticking to it. Oh yeah, don't forget the REBATE checks.

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