Thursday, March 28, 2013

EBAY: eBay (EBAY +2.3%) will enable $300B worth of...

1:47 PM eBay (EBAY +2.3%) will enable $300B worth of commerce in 2015 via Marketplaces, PayPal, and GSI, up from $175B in 2012, CEO John Donahoe predicts during the company's analyst day (webcast). That's going over well with the Street, as is a forecast eBay's Marketplaces merchandise volume will rise to $110B in 2015 from $75B last year; JPMorgan has been expecting $101.9B. Aided by mobile, international, and local commerce growth, eBay expects Marketplaces to grow "at least" at e-commerce market rates, after years of underperforming. Read comments

EBAY price at time of publication: $53.25. Check EBAY price now »

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