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eBays Fourth Quarter Will be the Stocks Real Test.
Citigroup has reiterated a “buy” rating for eBay.In a recently published mid-third-quarter update, Citigroup analyst Mark Mahaney examined eBay’s listings traffic, comparing its key auctions with its ancillary services, and deals with rumors of strife in the firm’s buyer and seller sides.”
We believe eBay is on track to at least meet our 585 million [listings] estimate, with Core and Store listings both tracking ahead of our estimates,” the analyst said.
However, one weakness at eBay (nasdaq: EBAY – news – people ) might be its “limited to date” eBay Express service, with the fourth quarter proving “the real test.”
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