Market Update (NASDAQ:EBAY): The Oculus Rift is already being sold on Craigslist and eBay for over $1000

[Business Insider] – Less then 48 hours after Oculus founder Palmer Luckey delivered the first Oculus Rift to a… Read more on this. eBay Inc. (EBAY) , valued at $27.54B, opened at $23.74. During the trading session, EBAY traded between $23.36 to $24.11 and has traded between $21.52 and $29.83 over the past year. Priced at 12.97x this year’s forecasted earnings, EBAY shares are relatively inexpensive compared to the industry’s 17.40x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 35 sell-side analysts are looking at $0.45 per share, which would be $0.03 worse than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $1.86 which would be a $0.03 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.08 Billion. If realized, that would be a 53.26% decrease over the year-ago quarter. In terms of ratings, Barclays downgraded EBAY from Equal Weight to Underweight (Mar 29, 2016). Previously, Susquehanna Initiated EBAY at to Positive. Given all the information above, we should disclose to readers that the average price target is $27.97, which is 17.82% above than it opened this morning. See more in (NASDAQ:EBAY) Similar Articles: Company Update (NASDAQ:EBAY): eBay and Nate Berkus Partner to Make Spring Cleaning and Selling Easier Than Ever Company Update: eBay Inc (NASDAQ:EBAY) – eBay & Shyp Expand Integration to Make Selling Even Easier Market Update (NASDAQ:EBAY): eBay Inc. Prices $1.5 Billion Senior Unsecured Notes Offering