eBay Inc. (EBAY) Maintains Buy Rating And $29 Price Target

Analysts Benjamin Schachter and Thomas C. White at Broadpoint AmTech have released an update on eBay Inc. (NASDAQ: EBAY).

On Tuesday, eBay announced that it was in the process of re-branding and re-focusing its classifieds strategy in the U.S. According to analysts, the company has experienced some success in certain verticals with acquisitions but Craigslist has remained the dominant player by far. Although classifieds have been written off in the U.S., analysts believe that eBay could turn this into a successful business.

Analysts at Broadpoint AmTech have maintained their Buy rating and $29 price target for the eBay Inc.