eBay (EBAY) rises after Wedbush upgrades shares to Outperform, and lifts its Price Target to $48, on bullishness regarding eBay's PayPal unit. The firm believes PayPal will continue growing at a 25-30% clip, and will account for over half of eBay's revenue by 2014. A new in-store payment system is seen as a key growth driver.
eBay is currently up 0.76 to 32.80 and is up 15% this week.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment