(Bloomberg) -- EBay Inc. shares had their biggest
gain in almost three months after Sanford C. Bernstein & Co.
rated the world's largest online auctioneer at ``outperform'' on
growth prospects for its PayPal online payment service.
``We are bullish on PayPal,'' wrote Bernstein analyst
Jeffrey Lindsay. ``We forecast PayPal will be 30 percent of
EBay's growth by 2011 as it expands further into merchant and
online financial services.'' PayPal's first-quarter revenue
surged 31 percent to $439.3 million.
Read more at Bloomberg Stocks News
gain in almost three months after Sanford C. Bernstein & Co.
rated the world's largest online auctioneer at ``outperform'' on
growth prospects for its PayPal online payment service.
``We are bullish on PayPal,'' wrote Bernstein analyst
Jeffrey Lindsay. ``We forecast PayPal will be 30 percent of
EBay's growth by 2011 as it expands further into merchant and
online financial services.'' PayPal's first-quarter revenue
surged 31 percent to $439.3 million.
Read more at Bloomberg Stocks News
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