Post Profile






Facebook’s ‘Marketplace’: Well-Positioned to Compete with eBay, AMZN, Says Baird

Shares of Facebook (FB) are down 23 cents at $128.04, after the company this morning announced “Marketplace,” a function integrated into its mobile app that lets you browser for listings of stuff being sold in your area. That has pressured shares of Ebay (EBAY) somewhat: it’s down 39 cents, or 1.2%, at $32.51. Taking a first crack at this, R.W. Baird’s William Power reiterates an Outperform rating on Facebook stock, and a $155 price target, noting that “this is not Facebook’s first rodeo,” as “importantly, Facebook is already a popular marketing platform for retailers, including existing product ads.
read more

share

Related Posts


SolarCity: Low Expectations, Big Short Position Are Good Setup, Says Baird

Business & Finance / Investing : Tech Trader Daily

Shares of Solar energy project contractor SolarCity (SCTY) are down 6 cents at $23.01 despite an upgrade this morning from R.W. Baird’s Ben Kallo, who raised his rating to Outperform from Neutral, writing that expectations are low e...

Facebook: Theoretical, but Unlikely, Risk Apple Would Restrict App Ads, Says Baird

Business & Finance / Investing : Tech Trader Daily

R.W. Baird's Colin Sebastian today reiterates an Outperform rating on shares of Facebook (FB), and a $71 price target, noting that there is the potential for Apple (AAPL) to restrict the company's practice of placing ads for mobile ...

eBay Slips: PayPal Director Marcus Leaves to Run Facebook Messaging Efforts

Business & Finance / Investing : Tech Trader Daily

eBay (EBAY) shares are down 84 cents, or 1.7%, at $48.74, after the company this afternoon said the head of its PayPal payments division, David Marcus, will leave the company June 27th to run Facebook‘s (FB) messaging products. A su...

This Morning: Good Tidings for EBAY, AMZN, More Cheer for Facebook

Business & Finance / Investing : Tech Trader Daily

Here’s some things going on this morning in your world of tech: US equity markets will close today at 1 PM in honor of Christmas Eve. Shares of Facebook (FB) are down 3 cents at $26.23 despite some encouraging words from Laura Marti...

This Morning: More Thumbs Up for Facebook, HP Threatened by Tablets

Business & Finance / Investing : Tech Trader Daily

Here are some things going on this morning in your world of tech: Shares of Facebook (FB) are down 80 cents, or 2.7%, at $28.80 this morning despite yet another positive note, this one from R.W. Baird. The broker initiated coverage ...

Comments


Copyright © 2016 Regator, LLC